Home » Accounting Quizzes » Multiple Choice Questions (MCQs) » Cost Accounting MCQs » Variable Costing MCQs
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
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.
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Frequently Asked Questions
What is variable costing?
Variable costing is a costing methodology that assigns the costs of production to the products or services based on the variable costs incurred. The fixed costs are expensed in the period in which they are incurred.
Are there any limitations to using variable costing?
The benefits of using variable costing include greater clarity and transparency into the costs of products and services, a more accurate assessment of profitability and performance, and a greater ability to manage costs and pricing decisions.
Are there any limitations to using variable costing?
Are there any limitations to using variable costing?
Variable Cost is also known as?
Variable Cost is also known as direct costing.
What industries is Variable Costing most suited for?
Variable costing is most suited for industries that have a high degree of variability in their costs, such as manufacturing and retail. It can be less suitable for businesses with more stable or consistent costs, such as those in the service industry.
dear sir
no 11 answer in this
The use of absorption costing produces a lower net income than the use of variable costing
that was wrong
AGREED ITS WRONG ANSWER.
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers
I agree! Cheers for the next one!