Which of the following statements in relation to direct costing is correct?
A) It treats all costs as period costs.
B) It is sometimes called adaptable costing.
C) It only recognised direct materials as a product cost.
D) It only recognises as product costs those factory costs that vary with levels of production.
Correct Answer:
Verified
Q18: Which of the following is not a
Q19: Product costs need to be calculated by
Q20: Which of the following inventory accounts are
Q21: When calculating product costs, the wages paid
Q22: Costs that remain constant per unit regardless
Q24: For a manufacturer, all factory costs that
Q25: Accounting standard IAS 2/AASB 102 Inventories:
A) only
Q26: Which of the following is an example
Q27: Direct labour costs plus factory overhead costs
Q28: A fixed cost is one that:
A) does
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents