Income ________ When There Is Zero Beginning Inventory and All

question 98

Multiple Choice

Income ________ when there is zero beginning inventory and all inventory units produced are sold.

• A) Will be lower under variable costing than absorption costing
• B) Will be the same under both variable and absorption costing
• C) Will be higher under variable costing than absorption costing
• D) Will be higher than gross margin under variable costing

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