Variable costing and absorption costing, CVP analysis
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1) Income using variable costing can differ from income using absorption costing
(true or false)
2) Under the assumptions used in cost-volume-profit analysis, as volume increases:
a. fixed costs increase in proportion to the increase in volume
b. variable costs per unit remain the same
c. fixed costs per unit remain the same
d. variable costs per unit increase in proportion to the increase in volume.
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Solution Summary
Answers 2 multiple choice questions on Variable costing and absorption costing, cost-volume-profit (CVP) analysis.
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1) Income using variable costing can differ from income using absorption costing
TRUE
Variable costing treats fixed manufacturing overhead costs as period costs and not product costs. Hence, ...
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