When the Number of Units Sold Is Equal to the Number

question 107

Multiple Choice

When the number of units sold is equal to the number of units produced, the net income using absorption costing will be

• A)greater than net income using variable costing.
• B)equal to net income using variable costing.
• C)less than net income using variable costing.
• D)None of the answer choices is always correct.

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Definitions:

Weekly Timesheet

A record used to detail the number of hours worked by an employee during a specific week, often used for payroll purposes.

Billable

Charges or fees that can be invoiced to a client or customer, especially for time or services rendered.

Customer Invoice

A document issued by a business to a customer, detailing products or services provided and the amount owed.

Mobile Payroll App

A smartphone application designed to manage, process, and execute payroll functions remotely.