Question: Under absorption costing, the income statement is organized by A . period costs only. B . product and period costs. C . variable costs only.

Under absorption costing, the income statement is organized by
A. period costs only.
B. product and period costs.
C. variable costs only.
D. fixed costs only.
A company produces toy airplanes. If 6,000 toys are produced at a total variable cost of $126,000, the total variable cost at 4,000 toys will be
A. $126,000.
B. $86,000.
C. $84,000.
D. $210,000.
Under absorption costing, the income statement is

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