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How absorption costing net income differ from variable cost

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1. If production equals sales, what, if any, is the difference between net income under absorption costing versus under variable costing?

2. If production is greater than sales, how does absorption costing net income differ from variable costing net income?

3. In the long run, will net income be higher or lower under variable costing compared to absorption costing?

Reference no: EM13888960

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