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The Table That Follows Denotes Selected Characteristics of Absorption Costing

Question 32

Essay

The table that follows denotes selected characteristics of absorption costing and/or variable costing. 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.
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.

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