An Analyst Studies a Data Set of the 2011 Year-End

question 83

Multiple Choice

An analyst studies a data set of the 2011 year-end book value per share for all companies listed on the New York Stock Exchange.This data set is best described as

• A) timeseries data.
• B) cross-sectional data.
• C) neither timeseries nor cross-sectional data.
• D) a combination of timeseries and cross-sectional data.

Calculate net operating income under both absorption and variable costing.

Identify the effects of changes in inventory levels on net operating income under absorption costing.

Compute gross margin under absorption costing.

Analyze how fixed manufacturing overhead costs are treated under variable and absorption costing.

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