Reference no: EM132537190

Question 1: Which of the following best describes costs assigned to the product under the variable costing method?

Direct labor

Direct materials

Variable selling and administrative

Variable manufacturing overhead

Fixed selling and administrative

Fixed manufacturing overhead

A) All of the above costs.

B) Direct labor, direct materials, and variable manufacturing overhead.

C) Direct labor, direct materials, variable manufacturing overhead, and fixed manufacturing overhead.

D) Direct labor and direct materials.

E) Direct labor, direct materials, fixed selling and administrative, and fixed manufacturing overhead.