(Solved): cost accounting  1. In the cost equation TC=F+ the: s best described as A costs that do not var ...

1. In the cost equation TC=F+ the: s best described as A costs that do not vary with changes in the activity level. B. costs that do vary with changes in the activity level. C. total cost estimate at a particular activity level. D. activity level used to estimate the total cost. A. the difference in total costs that result from selecting one choice instead of another. B. the profit foregone by selecting one choice instead of another. C. a cost that continues to be incurred in the absence of activity. D. a cost common to all choices in questions and not clearly allocable to any of them. Questions 2. Differential costs are: 3. In a job costing system, direct material cost is ordinarily debited to: A. Manufacturing Overhead. B. Cost of Goods Sold. C. Finished Goods Inventory. D. Work-in-Process Inventory. 4. Which of the following accounts is debited when direct labor is recorded? A. Work-in-Process Inventory. B. Salaries and wages expense C. Salaries and wages payable. D. Manufacturing overhead. 1/1