Question

22. 23. One difference between the income statements unders the two methods, absorption and variable costing, is that absorpt

Fill in the blank choices for questions 22-26:

Administrative

Beginning

Contribution

Cost driver

Direct labor

Direct labor-hours

Direct materials

Dollars of direct labor cost

Ending

Expensed

Fixed

Fixed manufacturing overhead

For the period ended

Income statement

Indirect labor

Indirect materials

Job cost

Level of activity

Machine-hours

Manufacturing

Manufacturing overhead

Margin

Name of company

Overapplied

Period

Predetermined overhead rate

Process cost

Selling

Statement of cost of goods manufactured

Total budgeted overhead

Underapplied

Variable costing

Work inprocess inventory

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Fill in the blanks Answer(22) : Margin Contribution Answer(23) : Variable Costing Fixed Answer(24): Fixed Manufacturing Overh

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