1. Under 100% sales assumption, using absorption coating, the COGS is calculated by adding Direct Material (DM), Direct Labor (DL), and Fixed Overhead (FOH)

a) True

b) False

2. Under 100% sales assumption, using absorption costing, the SG&A is calculated by adding Fixed SG&A, variable SG&A, and Fixed Overhead (FOH).

a) True

b) False

3. Under 75% sales assumption, using absorption costing, the COGS is calculated by adding Direct Material (DM), Direct Labor (DL), variable Overhead (VOH), and Fixed Overhead (FOH) multiply by 75%.

a) True

b) False

4. Under 100% sales assumption using absorption costing, the ending inventory balance is:

5. Under 75% sale assumption, using absorption costing, the ending inventory balance is?

6. Under 75% sale assumption, using variable costing, the ending inventory balance is?

7. Under 75% sale assumption, using variable costing, the ending inventory balance can be calculated by:

(150,000 + 75,000+ 25,000) 25%

a.True

b.False

8. Under 75% sales assumption, using variable costing, the variable product cost balance can be calculated ov:

(150,000 + 75,000+ 25,000) 25%

a)True

b) False

9. Under 75% sales assumption, using variable costing, the contribution margin balance can be calculated by:

Less: (150,000 + 75.000+ 25,000) 75%

Less: 450,000 10%

a) True

b) False

10. Under Variable Costing, if a company produces more and sales less:

The Net income is LESS, and the End Inventory IS LESS:

a) True

b False