Question: Question 3 (10 marks) (a) Explain whether variable costing or absorption method would produce the highest value for work in process and finished goods. (b)

 Question 3 (10 marks) (a) Explain whether variable costing or absorption

Question 3 (10 marks) (a) Explain whether variable costing or absorption method would produce the highest value for work in process and finished goods. (b) When the units produced is greater than the units sold for the period, explain whether net income under variable costing would be higher or lower than the net income under absorption costing. (C) State one advantage of absorption costing

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