Multiple Choice
Routit Corporation had the following sales and production for the past four years: Selling price per unit,variable cost per unit,and total fixed cost are the same each year.There were no beginning inventories in Year 1.Which of the following statements is correct?
A) Under variable costing,net operating income for Year 3 and Year 4 would be the same.
B) Under variable costing,net operating income for Year 2 and Year 3 would be the same.
C) Variable costing net income would exceed absorption costing net income in Year 1.
D) Absorption costing net income would exceed variable costing net income in Year 4.
Correct Answer:

Verified
Correct Answer:
Verified
Q139: A manufacturing company that produces a single
Q140: Aaker Corporation,which has only one product,has provided
Q141: Routsong Corporation had the following sales and
Q142: Hardee Inc. ,which produces a single product,has
Q144: Monce Corporation has two divisions: Home Division
Q145: Roskos Corporation has two divisions: Town Division
Q149: Meyer Corporation has two sales areas: North
Q153: Cervetti Corporation has two major business segments-East
Q196: Craft Corporation produces a single product. Last
Q222: Under variable costing, variable production costs are