Which of the following statements is correct, when comparing the profits reported under marginal and absorption costing
Fantastic news! We've Found the answer you've been seeking!
Question:
a). Absorption costing profits will be higher and closing inventory valuations lower than those under marginal costing.
b). Absorption costing profits will be higher and closing inventory valuation higher than those under marginal costing.
c). Marginal costing profits will be higher and closing inventory valuations lower than those under absorption costing.
d). Marginal costing profits will be higher and closing inventory valuations higher than those under absorption costing.
Related Book For
Posted Date: