Variable Costing MCQs

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1. Using absorption costing, a unit of product includes which costs?

 
 
 
 

2. Using variable costing, a unit of product includes which costs?

 
 
 
 

3. Variable costing is also known as:

 
 
 
 

4. Using the following data, determine unit product cost under absorption costing.

Variable costing mcqs

 
 
 
 

5. Using the following data, determine unit product cost under variable costing.

Variable costing mcqs

 
 
 
 

6. The difference between unit product cost under absorption costing as compared to variable costing is:

 
 
 
 

7. Variable costing is attractive to managers as an alternative to absorption costing because:

 
 
 
 

8. Product cost under absorption costing is characteristically:

 
 
 
 

9. When production is equal to sales, which of the following is true?

 
 
 
 

10. When production is greater than sales, which of the following is true?

 
 
 
 

11. When production is less than sales, which of the following is true?

 
 
 
 

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