“43. When production exceeds sales, net income reported under variable costing generally will be a. greater than net income reported under absorption costing. b. less than net income reported under absorption costing c. equal to net income reported under absorption costing. d. higher or lower because no generalization can be made.”

June 20, 2017 mfadmin Managerial Accounting

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“43. When production exceeds sales, net income reported under variable costing generally will be a. greater than net income reported under absorption costing. b. less than net income reported under absorption costing c. equal to net income reported under absorption costing. d. higher or lower because no generalization can be made.”