Under absorption costing, fixed manufacturing overhead costs are a ________ cost.

a. carried in a liability account.
b. carried in an asset account.
c. ignored.
d. immediately expensed as a period cost.

Question

15-12-2020
Business

contestada

Under absorption costing, fixed manufacturing overhead costs are a ________ cost.

a. carried in a liability account.
b. carried in an asset account.
c. ignored.
d. immediately expensed as a period cost.

Respuesta :

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abdulmajeedabiodunac abdulmajeedabiodunac · Answer 1 · 2020-12-16T01:36:03+01:00

Answer:

b. carried in an asset account.

Explanation:

Under the variable costing method, manufacturing overheads are expensed in the period they are incurred, hence, the last option is wrong.

Also,there is no costing method wherein manufacturing overheads expenses are ignored, as a result, option c is also obviously incorrect.

The treatment of manufacturing overheads using absoprtion costing is they are added to the cost of products which are also shown in the balance sheet as an asset .

Under absorption costing, fixed manufacturing overhead costs are a ________ cost. a. carried in a liability account. b. carried in an asset account. c. ignored. d. immediately expensed as a period cost.

Respuesta :

Otras preguntas

Under absorption costing, fixed manufacturing overhead costs are a ________ cost.

a. carried in a liability account.
b. carried in an asset account.
c. ignored.
d. immediately expensed as a period cost.