Multiple Choice
When there are no beginning or ending finished goods inventories,________.
A) variable and absorption costing will result in different values for ending finished goods inventories
B) variable and absorption costing will result in the same operating profits
C) variable and absorption costing will result in different sales revenue
D) variable and absorption costing will result in different values for cost of goods sold
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Home-Plus Inc.has two business segments-Commercial and Residential.The
Q5: Nice Aqua Inc.has provided the following information
Q9: Paradiso Company manufactures dolls that are sold
Q10: Isphase Inc.has provided the following financial data
Q42: Service companies do not have fixed costs;
Q68: The contribution margin for service companies is
Q106: Petro Fertilizers Company sells two products,Quo-Eco and
Q179: Variable costing is used for external reporting
Q219: Contribution margin is calculated by deducting _
Q287: In variable costing,fixed manufacturing overhead is considered