Variable Costing MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

Test your knowledge with this set of multiple choice questions (MCQ) covering the topic of variable costing. Answering every question correctly will assist your exam preparation, interviews, and professional work. To begin, just click on the "Start Quiz" button.

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 the unit product cost under absorption costing. \"Variable
5. Using the following data, determine the unit product cost under variable costing. \"Variable
6. The difference between the 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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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.