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Absorption Costing Profit Is Always Equal To

Question 58

Multiple Choice

Absorption costing profit is always equal to:


A) variable costing profit + fixed overhead in opening inventory - fixed overhead in closing inventory.
B) fixed overhead in opening inventory + fixed overhead in closing inventory.
C) fixed overhead in opening inventory - fixed overhead in closing inventory.
D) variable costing profit + fixed overhead in closing inventory - fixed overhead in opening inventory.

Correct Answer:

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