Is it me or does it seem like Becker contradicts itself on variable costing vs absorption. In variable, which variable costs are included in product costs, VOH and V SGA or is it just VOH?
I though it was:
Sales
– VC (VOH and V SGA)
CM
But another questions asks which costs are assigned to inventory and the answer is only VOH. Am I wrong in thinking the VC in formula above are the inventoy or product costs?
Any help on this would be appreciated 🙂
AUD 95 (3/5/10); BEC 83 (5/28/10); FAR 71, 72, 74, 82 (10/16/10); REG 65,80(11/23/10)
ALL DONE 🙂
Well, I took BEC on Friday (May 7th). It was unbelievably hard. I studied Becker for 6 weeks very very intense. I must have gotten a very difficult test, because their were like 15 questions that I didn't even know how to begin to answer. I literally just had to guess. All I can say in the way of advice is to know the material better than you think you should. Try to think of how the exam people could trick you. They sure tricked me. The easy questions I had, were very easy, but the difficult questions were very difficult. I felt like I got a 68 on my Audit exam and I ended up with a 73. On this one, I feel like I got a 60. I'm very discouraged, but I will pass eventually. This thing will NOT get me down. Now I take a break for a week and begin studying FAR.
I gotta say – seeing all these posts about having a rediculously hard test is very disheartening. Im taking BEC this Monday for the 6th time and really need a break…
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