Question: 21. The difference betwen variable costing and absorption costing is in: a) Variable manufacturing ost b) Fixed sales and administrative costs c) Fixed sales and

21. The difference betwen variable costing and absorption costing is in:

a) Variable manufacturing ost

b) Fixed sales and administrative costs

c) Fixed sales and administrative costs

d) the sum of b and c

22. Operating income calculated using variable costing is equal to operating income calculated using full costing when:

a) The company has no inventory

b) the beginning and ending inventory contain the same amount of costs

c) the company has no fixed costs

d) a and c are correct

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