Question: Compare and contrast the difference between variable and full costing. Describe why income calculated under full absorption costing will be greater than income calculated under

  • Compare and contrast the difference between variable and full costing.
  • Describe why income calculated under full absorption costing will be greater than income calculated under variable costing when production exceeds sales.
  • Explain how a manufacturing company can "bury" fixed manufacturing costs in ending inventory under full absorption costing.

***IT DOES NOT HAVE TO BE LONG**

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