A Quiz on Throughput Costing

Pages: 2 (309 words) Published: April 13, 2015
If direct materials are $8.00 per unit, direct labor is $4.00 per unit, variable manufacturing overhead is $6.00 per unit, and fixed costs are $12,000 for the units produced, then what would be the cost assigned to 2,000 of units in ending inventory?

If direct materials are $8.00 per unit, direct labor is $4.00 per unit, variable manufacturing overhead is $6.00 per unit, and fixed costs are $12,000 for 6,000 units produced, what is the total cost per unit under throughput costing?

Under throughput costing, are product costs higher or lower than with other costing methods?

Under throughput costing, if the sales price per unit is $20, direct materials are $8.00 per unit, direct labor is $4.00 per unit, variable manufacturing overhead is $6.00 per unit, if 20,000 units are produced, how much would the variable costs considered period costs on the income statement under throughput costing be?

Direct labor be included as a product cost when using the throughput costing.

Using throughput costing, what is the only variable cost assigned to a product?

Under throughput costing, the other variable costs not assigned as product costs and considered period costs are placed under the section of the income statement.

Under throughput costing, is contribution margin higher or lower than with other costing methods? Under throughput costing, variable manufacturing overhead costs __________. (Choose 2) include indirect variable manufacturing costs

are not included in cost of goods sold
all of the choices
are part of the product costs
none of the choices
The costing method that assigns only direct materials to product costs is called .

Variable manufacturing overhead be a product cost under throughput costing.

Under throughput costing, all variable costs, except for direct materials, are considered costs.

Using throughput costing, is net income is higher or lower than with other costing methods?

The only cost assigned to ending...
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