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1. Under variable costing, which of the given costs would be comprised in finished goods inventory?

a. Advertising costs

b. Wages of carpenters in a furniture factory

c. Straight-line depreciation on factory equipment

d. Salary of vice-president of finance

2. Level of inventory of a manufactured product has increased by 8,000 units during a period. Following data are also available:




Unit manufacturing costs of the period



Unit operating expenses of the period



What would be effect on income from operations if absorption costing is used rather than variable costing?

a. $44,000 increase

b. $40,000 decrease

c. $52,000 increase

d. $40,000 increase

3. Production and sales estimates for April are given:

Estimated inventory (units), April


Desired inventory (units), April 30


Expected sales volume (units):


Area A


Area B


Area C


Unit sales price


Number of units expected to be manufactured in April is:





Accounting Basics, Accounting

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