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Under times of increasing costs, which of the following is true? Be sure to defend your answer. 1. The income under Variable Costing and Throughput

Under times of increasing costs, which of the following is true? Be sure to defend your answer.

1. The income under Variable Costing and Throughput Costing

2. Absorption costing will give higher income than variable costing.

3. Not enough information is provided say which income statement will provide the highest income.

4. Variable Costing will give higher income than Absorption Costing

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