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Compare and contrast the difference between variable and full costing. Describe why income calculated under full absorption costing will be greater than income calculated under
- Compare and contrast the difference between variable and full costing.
- Describe why income calculated under full absorption costing will be greater than income calculated under variable costing when production exceeds sales.
- Explain how a manufacturing company can "bury" fixed manufacturing costs in ending inventory under full absorption costing.
***IT DOES NOT HAVE TO BE LONG**
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