Which of the Following Statements Is

question 137

Multiple Choice

Which of the following statements is

• A) Under absorption costing some fixed manufacturing costs are deferred in ending inventory if production is lower than sales.
• B) When production and sales are equal,net income will be greater under variable costing than it will be under absorption costing.
• C) Under absorption costing only the fixed manufacturing cost associated with inventory produced are expensed.
• D) Under variable costing fixed manufacturing costs are expensed in the period in which they are incurred regardless of when the inventory is sold.

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Definitions:

Abilities

The skills and competencies that an individual possesses, which can include physical, mental, and emotional capabilities relevant to job performance.

Human Resource Planning

The process of forecasting an organization's future human resource needs and determining how to meet these needs.

Work Redesign

The process of altering jobs and work processes with the aim of improving organizational performance and employee satisfaction.

Competency Models

Frameworks that define the skill and knowledge requirements for specific jobs or roles within an organization.