ACCOUNTING
Multiple Choice
Which of the following statements is FALSE?
a. Absorption costing allocates fixed manufacturing overhead to actual units produced during the period.
b. Nonmanufacturing costs are expensed in the future under variable costing.
c. Fixed manufacturing costs in ending inventory are expensed in the future under absorption costing.
d. Operating income under absorption costing is higher than operating income under variable costing when production units exceed sales units.
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