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I need help with this one also. Variable costing and absorption costing are two methods used for creating financial reports. These reports provide information on
I need help with this one also. Variable costing and absorption costing are two methods used for creating financial reports. These reports provide information on the long- and short-term financial condition of a company. Variable costing is usually used for internal company purposes, while absorption costing is used for external reporting. This assignment is designed to help you understand the differences between variable costing and absorption costing. This is the question - When the number of units produced exceed the number of units sold for a reporting period, would income under variable costing be greater than, equal to, or less than income under absorption costing? Explain why you might use variable costing or absorption costing
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