Philpott's operating profit using absorption costing is $100. Its inventories using both absorption and variable costing are as follows: Under variable costing, operating profit would be:
A) $102
B) $94
C) $100
D) $96

Question

Philpott's operating profit using absorption costing is $100. Its inventories using both absorption and variable costing are as follows:  Under variable costing, operating profit would be:
A) $102 
B) $94 
C) $100 
D) $96

Quizplus · Accepted Answer

The Answer of Philpott's operating profit using absorption costing is $100. Its inventories using both absorption and variable costing are as follows:  Under variable costing, operating profit would be:
A) $102 
B) $94 
C) $100 
D) $96

Philpott's Operating Profit Using Absorption Costing Is $100