BUS 314
Fontbonne University
All 1 results
Sort by
-
Predetermined Overhead Rates, Flexible Budgets, and Absorption/Variable Costing
- Exam (elaborations) • 101 pages • 2021
-
- $15.99
- + learn more
Chapter 3: Predetermined Overhead Rates, Flexible Budgets, 
and Absorption/Variable Costing 
1. Absorption costing is commonly used for external reporting. 
True False 
2. Absorption costing is commonly used for internal reporting. 
True False 
3. Variable costing is commonly used for internal reporting. 
True False 
4. Variable costing is commonly used for external reporting. 
True False 
5. In an actual cost system, factory overhead is assigned directly to products and services. 
True False 
6...
Want to regain your expenses?
How much did you already spend on Stuvia? Imagine there are plenty more of you out there paying for study notes, but this time YOU are the seller. Ka-ching! Discover all about earning on Stuvia