The table that follows denotes selected characteristics of absorption costing and/or variable costing. 
Changes to grid above:
Lower income when inventories rise (NOT "net" income)
External financial statement USE (NOT "users")
Required:
Evaluate each product-cost, period-cost, and income-statement/disclosure characteristic and determine whether it relates to absorption costing, variable costing, or both methods. Place an "X" in the proper column.
Definitions:
Cultural Variations
The differences in beliefs, behaviors, and social norms among various cultures, influenced by geographical, historical, and sociopolitical factors.
Implicit Attitude
Unconscious associations and feelings towards people, objects, or concepts that influence one’s thoughts and actions.
Egalitarian
A belief in or promotion of the principle that all people are equal and deserve equal rights and opportunities.
Eye Contact
The act of two individuals looking directly into each other's eyes, which can communicate various feelings or social signals.
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