All costs reported on the income statement of a service-sector company are inventoriable costs

Indicate whether this statement is true or false.

Answer: FALSE

Business

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Sprinkle Co. sells its product for $20 per unit. During 2013, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labor $3, and variable overhead $1. Fixed costs are: $240,000 manufacturing overhead, and $30,000 selling and administrative expenses. Ending inventory under variable costing is

a. $90,000. b. $130,000. c. $200,000. d. $450,000.

Business

One of the most helpful aspects of Transactional Analysis is that it provides a helpful way of analyzing others and pointing out to them how they can improve their communications

Indicate whether the statement is true or false

Business