If a Company Has No Fixed Costs, Variable Costing Income

question 8

True/False

If a company has no fixed costs, variable costing income will equal full costing income, regardless of any increase or decrease in inventory levels during the period.

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Definitions:

Non-assignable

A characteristic of a contract or right indicating that it cannot be transferred or delegated to another party without the consent of the original party or parties.

Contract Rights

Contract rights refer to the entitlements and obligations that are legally binding between parties as stipulated in a contract.

Revocability

The ability to nullify, cancel, or repeal an agreement or contract.

Assignments

The transfer of rights or property from one party to another, often used in the context of contracts or legal agreements.