Round corporation had the following slogs and production for the past four years

Question

Round corporation had the following slogs and production for the past four years: Soling price per unit, variable cost, per unit, and total forced cost are the same each year. There were no beginning inventories in Year. 1. Which of the following statements is correct? Under wearable costing net operating income for year 3 and year 4 would be the some. Under variable costing, not operating income for year 2 and year 3 would be the some Absorption costing net income would exceed variable costing net income in Year 4. Variable costing net income would exceed absorption costing net income in year 1.

Explanation / Answer

Ans ) Under Variable Costing , Net operating income for Year 2 and Year 3 would be same.

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