Video TranscriptHello, Under variable costing. Which of this? For answer option following costs would be included in finished goods inventory. And the answer is the wages of carpenters in a furniture factory, wages of carpenters. We can consider this wage as the direct labor of course, and these costs are variable costs, wages of carpenters in a furniture factory would be included and finished goods inventory. The answer is the d wages of carpenters. It's and the correct answer to this question, Okay, thank you very much for your attention. Show
74. Under variable costing, which of the following costs wouldnotbe included in finishedgoods inventory? Get answer to your question and much more 75. Which of the following would be included in the cost of a product manufacturedaccording to absorption costing? Get answer to your question and much more 76. Which of the following would be included in the cost of a product manufacturedaccording to variable costing?A.sales commissionsB.property taxes on factory buildingsC.interest expenseD.direct materials 77. On the variable costing income statement, the figure representing the differencebetween manufacturing margin and contribution margin is the: Get answer to your question and much more 78. In the variable costing income statement, deduction of variable selling andadministrative expenses from manufacturing margin yields: Get answer to your question and much more Recommended textbook solutions Essentials of Investments9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 689 solutions Managerial Accounting15th EditionRay H Garrison 716 solutions Horngren's Cost Accounting: A Managerial Emphasis16th EditionMadhav V Rajan, Srikant M. Datar 1,008 solutions Financial Accounting9th EditionCharles T. Horngren 1,286 solutions Recommended textbook solutions
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What is included under variable costing?Variable costing is a costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.
Which of the following costs are not included in finished goods inventory quizlet?[D] Under absorption costing, VARIABLE AND FIXED SELLING AND ADMINISTRATIVE EXPENSES would not be included in finished goods inventory.
Which one of the following costs would not become part of the finished goods inventory?Option (b): Since direct materials cost is incurred for producing the finished goods. Therefore, the finished goods inventory which is not sold includes the cost of direct material costs.
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Under variable costing, which of the following costs would be included in finished goods inventory?
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