Which of the following would be included in the cost of a product manufactured according to variable costing quizlet?

Place the following Process costing steps in the correct order:

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Which of the following would be included in the cost of a product manufactured?
Which of the following would be included in the cost of a product manufactured according to absorption?
Which of the following costs are included as a product cost under absorption costing?
Which of the following costs at a manufacturing company would be treated as a product cost under the variable costing method?

1- calculate equivalent units
2- determine the total costs to account for
3- analyze flow fo physical units
4- assign total manufacturing costs
5- compute unit costs

A. 3,1,2,5,4
B. 3,5,2,1,4
C. 2,1,5,4,3
D. 2,3,5,4,1

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Which of the following would be included in the cost of a product manufactured?

These costs include materials, labor, production supplies and factory overhead. The cost of the labor required to deliver a service to a customer is also considered a product cost.

Which of the following would be included in the cost of a product manufactured according to absorption?

Under absorption costing, the cost of finished goods includes direct materials, direct labor, and all factory overhead.

Which of the following costs are included as a product cost under absorption costing?

Product costs under absorption costing include both manufacturing costs. Product costs under variable costing include only variable manufacturing costs. Absorption costing accounts for fixed manufacturing overhead as a product cost.

Which of the following costs at a manufacturing company would be treated as a product cost under the variable costing method?

Under the variable costing method, only the variable cost to produce is considered as a product cost. All other costs incurred will be treated as period costs. A product cost is capitalized as an inventory cost while a period cost is expensed outright.