Question: Read the textbook, lecture notes and all other posts BEFORE you post. Compare and contrast VARIABLE COSTING and ABSORPTION COSTING by addressing the following points:

Read the textbook, lecture notes and all other posts BEFORE you post. Compare and contrast VARIABLE COSTING and ABSORPTION COSTING by addressing the following points: 1. Discuss the types of costs assigned to inventory units under each costing method. 2. Which method will report the highest income when production volume is increased to raise inventory levels, and why? 3. Which method will report the highest income when production volume is decreased to reduce inventory levels, and why

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