In throughput costing, return is computed as sales minus material cost.Select one:TrueFalse

what is throughput in costing?

The cost of a product in inventory under variable costing has elements of fixed overhead cost.Select one:TrueFalse

Cost of goods manufactured plus the finished goods, ending equals cost of goods sold.Select one:TrueFalse

Project cost is arrived at by Output of Input multiplied by rate True False

Traditional costing systems assume that overhead is incurred _____________with the volume of output.Select answer from the options belowsmoothlyproportionatelyvariablyconversely