Under Absorption Costing When Production Exceeds Sales in a Year

question 31

Multiple Choice

Under absorption costing when production exceeds sales in a year:

• A)Inventory values and cost of goods sold are higher than under variable costing.
• B)Inventory values and cost of goods sold are lower than under variable costing.
• C)Inventory values are lower and cost of goods sold are higher than under variable costing.
• D)Inventory values are higher and cost of goods sold are lower than under variable costing.

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Definitions:

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The ability of different parts of the body to work together smoothly and efficiently.