ers A. whether variable manufacturing costs should be included in product costs.

Question

ers A. whether variable manufacturing costs should be included in product costs. B. whether fixed manufacturing costs should be included in product costs. C whether fixed manufacturing costs and fixed selling and administrative costs should be included in product costs. D. whether selling and administrative costs should be included in product costs. George Corporation has no beginning inventory and manufactures a single product. If the number of units produced exceeds the number of units sold, then net operating income und the absorption method for the year will: 2. er A. be equal to the net operating income under variable costing. B. be greater than the net operating income under variable costing. C. be equal to the net operating income under variable costing plus total fixed manufacturing costs. D. be equal to the net operating income under variable costing less total fixed manufacturing costs. When using data from a segmented income statement, the dollar sales for a segment to break even is equal to: 3. A. Common fixed expenses ÷ Unit CM B. Common fixed expenses Segment CM ratio C. Traceable fixed expenses Unit CM D. Traceable fixed expenses Segment CM ratio

Explanation / Answer

Answer 1 = Answer = Option B = Whether fixed manufacturing cost should be included in product Cost Answer =2 Basic differnce in absorption and variable costing is fixed manufacturing expenses Answer = Option B = Be greater than the net operating income under variable costing Answer = 3 Answer = Option D = Traceable Fixed Expenses / Segment CM Ratio

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