- 1 Marks
MI – May 2022 – L1 – SA – Q3 – Costing Methods
Condition under which variable and absorption costing produce the same profit.
Question
Variable costing and absorption costing statements produce the same profit under which of the following conditions?
A. Production equals sales
B. Production exceeds sales
C. Sales exceed production
D. Sales equal fixed overhead
E. Production equals fixed overhead
Find Related Questions by Tags, levels, etc.
- Tags: Absorption Costing, Profit, Variable Costing
- Level: Level 1
- Topic: Costing Methods
- Series: MAY 2022
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