If production exceeds sales, the net income with respect to absorption costing and variable costing.

A. is the same

B. lower under absorption

C. higher under absorption

D. higher under variable

Which of the following would be included among the investment numbers of a capital budget?

A. Purchase price of asset

B. Trade-in value of asset being replaced

C. Investment tax credit from asset acquisition

D. All of the above

If the breakeven point is 1,000 units and the fixed costs are $240,000, what is the contribution margin per unit

A. $240

B. $24

C. $20

D. cannot tell from data given