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ACC 232, Chapter 19

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Across
2
If units sold are greater than units produced, which costing method will result in a higher income?
4
On an income statement prepared under absorption costing, the excess of the sales revenue over the cost of goods sold will be shown as_____ _____.
7
What is the excess of sales revenue over all variable costs?
8
Variable costing treats _____ _____ ____ as a period expense, but absorption costing treats it as a product cost.
10
Managers should be held responsible only for the costs that they can _____.
Down
1
The excess of sales revenue over variable cost of goods sold is _____ _____.
3
If units produced are greater than units sold, which costing method will report a higher net income?
5
Absorption costing is also known as _____ _____.
6
If units sold equal the units produced, absorption costing and variable costing will report the _____ net income.
9
Variable costing is NOT allowed for _____ reporting.