When production is less than sales volume, net income under absorption costing will be greater than net income using variable costing procedures.

Name: When production is less than sales volume, net income under absorption costing will be greater than net income using variable costing procedures.
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Question

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When production is less than sales volume, inventories are falling, and absorption costing will have higher expense for cost of goods sold and lower net income than variable costing.

When Production Is Less Than Sales Volume, Net Income Under