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NEW QUESTION: 1

A. Option A
B. Option C
C. Option D
D. Option B
Answer: A

NEW QUESTION: 2
Which THREE of the following statements about different costing systems are correct?
A. When valuing inventory using throughput costing, the direct labour cost is excluded.
B. Finished goods inventory will be assigned a higher value using throughput costing than absorption costing.
C. In a period during which finished goods inventory levels fall, profit using marginal costing will be higher than if absorption costing is used.
D. Contribution per unit is the selling price per unit minus the variable costs per unit.
E. Over-absorption of fixed production overhead is caused by actual sales exceeding budgeted sales.
Answer: A,C,D

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