The Cost of Ending Inventory Using Variable Costing Is Always

question 92

True/False

The cost of ending inventory using variable costing is always greater than or equal to full costing ending inventory.

---

Definitions:

Democracy

A form of government in which the highest power in the state is invested in the people and exercised directly by them or, as is generally the case in modern democracies, by their elected officials.

Legitimate Government

A government that is recognized as the rightful authority, often based on its adherence to laws, norms, and the consent of the governed.

Libertarianism

A political philosophy that emphasizes freedom, autonomy, and voluntary association, with a significant focus on individual rights and minimal government intervention.

Government Restrictions

Regulations or limitations imposed by authorities on activities, behaviors, or operations.