Which of the Following Statements Is Correct

question 82

Multiple Choice

Which of the following statements is correct?

• A) Inventories under absorption costing are always higher than under variable costing.
• B) Cost of goods sold under absorption costing is always higher than under variable costing.
• C) The amount of fixed overhead expensed under absorption costing is always higher than under variable costing.
• D) Inventories under absorption costing are always higher than under variable costing AND cost of goods sold under absorption costing is always higher than under variable costing.

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Definitions:

Tenochtitlán

The ancient Aztec capital city, established in 1325, located in what is now Mexico City, and known for its advanced infrastructure and significant cultural contributions.

Population

The total number of people or inhabitants in a designated area or the total number of individuals within a species.

Slave Ships

Vessels used during the transatlantic slave trade to transport enslaved Africans to the Americas, often under brutal and inhumane conditions.

Undernourished

Lacking sufficient food or the right types of food required for health and growth.