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Difference between variable costing and full costing

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Reference no: EM131705401

1. What do we mean by the term cost behavior? What is the difference among a variable, fixed, and mixed cost? Give an example of each.

2. Discuss the difference between variable costing and full costing. Why would income computed under full costing exceed income computed under variable costing if production exceeds sales?

Reference no: EM131705401

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