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21. The difference betwen variable costing and absorption costing is in: a) Variable manufacturing ost b) Fixed sales and administrative costs c) Fixed sales and
21. The difference betwen variable costing and absorption costing is in:
a) Variable manufacturing ost
b) Fixed sales and administrative costs
c) Fixed sales and administrative costs
d) the sum of b and c
22. Operating income calculated using variable costing is equal to operating income calculated using full costing when:
a) The company has no inventory
b) the beginning and ending inventory contain the same amount of costs
c) the company has no fixed costs
d) a and c are correct
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