Part 1 Absorption costing is required for reporting to which of the following groups? Select one: A. The SEC B. The IRS C. Senior Management D. The IMA E. A and B only

Part 2

Which of the following costs would be applied to manufactured inventory under variable costing?

Select one:

A. Salary of factory manager

B. Cost of raw materials

C. Rental payments on administrative offices

D. Commissions to sales persons

E. Salary of factory manager

Part 3; Under absorption costing, which of the following costs are applied to manufactured inventory?

Select one:

A. All manufacturing costs

B. All period costs

C. All administrative costs

D. All fixed costs

E. All variable costs