Which of the Following Statements Is True

question 68

Multiple Choice

Which of the following statements is true?

• 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:

Holocaust

The mass genocide of six million Jews and millions of others, including Roma, disabled individuals, and political dissidents, by the Nazi regime during World War II.

Late Modernity

A period characterized by significant social, economic, and technological changes, following modernity and marked by globalization, digital technology, and complex identities.

Zygmunt Bauman

A Polish-British sociologist known for his analysis of the links between modernity and the Holocaust, consumerism, and globalization.

Elites

A select group of people with a disproportionate amount of wealth, privilege, political power, or intellectual influence within a society.