Multiple Choice
Which of the following is false?
A) When units produced exceed units sold, income under absorption costing is higher than income under variable costing.
B) When units sold exceed units produced, income under absorption costing is higher than income under variable costing.
C) Net income under variable costing is closely tied to changes in sales levels.
D) When units produced equal units sold, income under absorption costing and variable costing will be the same.
Correct Answer:
Verified
Correct Answer:
Verified
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