Multiple Choice
Which of the following statements is true concerning income if production exceeds units sold?
A) A higher operating income will result under a variable costing income statement.
B) A lower operating income will result under an absorption costing income statement.
C) A higher operating income will result under an absorption costing income statement.
D) The same operating income will result under both a variable costing and absorption costing income statement.
Correct Answer:

Verified
Correct Answer:
Verified
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