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Compare and contrast the difference between variable and full costing. Describe why income calculated under full absorption...

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Accounting

  • Compare and contrast the difference between variable and fullcosting.
  • Describe why income calculated under full absorption costingwill be greater than income calculated under variable costing whenproduction exceeds sales.
  • Explain how a manufacturing company can "bury" fixedmanufacturing costs in ending inventory under full absorptioncosting.

***IT DOES NOT HAVE TO BE LONG**

Answer & Explanation Solved by verified expert
4.5 Ratings (792 Votes)
1 Compare and contrast the difference between variable and full costing Full costing is otherwise called as ingestion costing The real distinction between ingestion costing and full costing is the treatment of fixed assembling overhead expenses Under Variable costing technique fixed    See Answer
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