Motivational states can result in inaccurate perceptions and faulty decision making

Under absorption costing and variable costing, how are fixed manufacturing costs treated? Absorption Variable

a. Product Cost Product Cost b. Product Cost Period Cost c. Period Cost Product Cost d. Period Cost Period Cost

If a subsequently discovered fact becomes known to the auditor before the release of the audit report, the auditor should

a. Modify the opinion and dual date the audit report. No additional audit procedures are required. b. Date the audit report as of the original date of the auditor's report and caption the note disclosing the subsequent event as being subsequent to the completion of the audit procedures. c. Not modify the audit opinion if the event is properly disclosed and date the audit report as of the original date of the auditor's report. d. Either dual date the audit of date the audit report as of the time of the completion of the extended audit procedures.