For each description on the left, select the appropriate change in inventory level from the list...

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For each description on the left, select the appropriate change in inventory level from the list on the right. (1 mark each) (3 marks) Absorption costing operating income is higher than variable costing operating income. 1. Production = Sales %3D Absorption costing operating income is the same as variable 2. Production > Sales costing operating income. Absorption costing operating income is lower than variable costing operating income. 3. Production < Sales > For each description on the left, select the appropriate change in inventory level from the list on the right. (1 mark each) (3 marks) Absorption costing operating income is higher than variable costing operating income. 1. Production = Sales %3D Absorption costing operating income is the same as variable 2. Production > Sales costing operating income. Absorption costing operating income is lower than variable costing operating income. 3. Production < Sales >

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Answer Absorption costing operating income is higher than variable costing Production op... View the full answer