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On which type of income statement does each of the following costs appear

On which type of income statement does each of the following costs appear?

a.Variable costing income statementc.Both types of income statements

b.Absorption costing income statement

 

 

1.Direct materials for units sold

 

2.Direct labour for units sold

 

3.Variable overhead for units sold

 

4.Fixed factory overhead for the period

 

5.Fixed factory overhead for units sold

 

6.Variable selling expense

 

7.Fixed selling expense

 

8.Administrative expense

 

 

 

 

 

 

 

 

 

 

Match each statement with the correct item below.

a.The costs of not having a product available when demanded by a customerd.The number of units in the order quantity that minimizes the total cost

b.The costs of carrying inventorye.The costs of placing and receiving an order

c.Approach that maintains goods should be pulled through the system by present demand

 

 

9.Carrying costs

 

10.Economic order quantity

 

11.Just-in-time

 

12.Ordering costs

 

13.Stockout costs

 

Mar 13 2020 View more View Less

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