Variable Costing MCQs

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on November 16, 2021

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 costing mcqs

5. Using the following data, determine the unit product cost under variable costing.

Variable costing mcqs

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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True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

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

True contributes to his own finance dictionary, 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, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.

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