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Log in through your institution journal article Direct Costing-The Case "For"The Accounting Review Vol. 29, No. 1 (Jan., 1954) , pp. 89-93 (5 pages) Published By: American Accounting Association https://www.jstor.org/stable/241400 Read and download Log in through your school or library Subscribe to JPASS Unlimited reading + 10 downloads Journal Information The Accounting Review is the premier journal for publishing articles reporting the results of accounting research and explaining and illustrating related research methodology. The scope of acceptable articles embraces any research methodology and any accounting-related subject. The primary criterion for publication in The Accounting Review is the significance of the contribution an article makes to the literature. Publisher Information The American Accounting Association is the world's largest association of accounting and business educators, researchers, and interested practitioners. A worldwide organization, the AAA promotes education, research, service, and interaction between education and practice. Formed in 1916 as the American Association of University Instructors in Accounting, the association began publishing the first of its ten journals, The Accounting Review, in 1925. Ten years later, in 1935, the association changed its name to become the American Accounting Association. The AAA now extends far beyond accounting, with 14 Sections addressing such issues as Information Systems, Artificial Intelligence/Expert Systems, Public Interest, Auditing, taxation (the American Taxation Association is a Section of the AAA), International Accounting, and Teaching and Curriculum. About 30% of AAA members live and work outside the United States. Rights & Usage This item is part of a JSTOR Collection. Variable/Direct/Marginal and Absorption CostingDiscussion Questions and Answers:Questions:
Answers:
When using variable costing system the contribution margin discloses the excess of?When using a variable costing system, the contribution margin discloses the excess of... Revenues over variable costs. 15. Which of the following statements is true for a firm that used variable costing?
What is direct costing?A direct cost is a price that can be directly tied to the production of specific goods or services. A direct cost can be traced to the cost object, which can be a service, product, or department. Direct and indirect costs are the two major types of expenses or costs that companies can incur.
What is the basic difference between direct costing and absorption costing?The fundamental difference between the two systems is one of timing. The direct costing model takes all the fixed cost to the income statement immediately. The absorption costing model assigns the fixed cost to units produced during the period.
What costs are treated as product costs under variable direct costing?1. Under variable costing, only the variable manufacturing costs are included in product costs. Note that selling and administrative expenses are not treated as product costs; that is, they are not included in the costs that are inventoried.
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