Which of the following should be applied when preparing financial statements for external financial reporting...
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Accounting
Which of the following should be applied when preparing financial statements for external financial reporting purposes (that is consistent with generally accepted accounting principle) ?
All of these can be applied
absorption costing
variable costing
cash basis accounting
Which of the following would be assigned to inventory under variable costing method?
Rental payments on factory
variable selling and administrative expenses
variable manufacturing overhead
fixed product costs
Under variable costing contribution margin is equal to
Sales- Variable costs- Fixed costs
Sales- Variable COGS- variable operating expenses
sales- variable product costs only
it is the same as the net income
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