Which of the Following Statements Is FALSE

question 87

Multiple Choice

Which of the following statements is FALSE?

• A)Operating profit under absorption costing is higher than operating profit under variable costing when production units exceed sales units.
• B)Absorption costing allocates fixed manufacturing overhead to actual units produced during the period.
• C)Nonmanufacturing costs are expensed in the future under variable costing.
• D)Fixed manufacturing costs in ending inventory are expensed in the future under absorption costing.

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Definitions:

Limbic System

A complex set of brain structures located on both sides of the thalamus, immediately beneath the cerebrum, involved in emotions, memory, and arousal.

Prefrontal Cortex

A region of the brain implicated in decision making, complex cognitive behavior, personality expression, and moderating social behavior.

Formal Operational

A stage in Piaget's theory of cognitive development during which individuals develop the ability to think abstractly, logically, and systematically.

Sexual Disease

Infectious diseases primarily spread through sexual contact; also known as sexually transmitted infections (STIs) or sexually transmitted diseases (STDs).