Textbook Notes (368,460)
Canada (161,892)
Management (865)
MGT223H5 (26)
Minlei Ye (13)
Chapter 08

MGT223 Chapter08:Variable Costing Notes

1 Page
122 Views
Unlock Document

Department
Management
Course
MGT223H5
Professor
Minlei Ye
Semester
Fall

Description
MGT 223 Chapter08: Variable Costing Absorption Costing Variable Costing Direct Materials Product Direct Labour Product Cost Cost Variable Manufacturing Overhead Fixed Manufacturing Overhead Period Variable Selling and Administrative Expense Period Cost Cost Fixed Selling and Administrative Expense Relation btwn production and Effect on inventory Relation btwn variable and sales absorption income Production > Sales Inventory increases Absorption > Variable Production < Sales Inventory decreases Absorption < Variable Production = Sales No change Absorption = Variable *Under absorption costing, there is an incentive to overproduce because of the constant fixed manufacturing overhead while under variable costing
More Less

Related notes for MGT223H5

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit