If units produced is less than units sold , then. (a) Inventory will increase for both absorption and variable costing. (b) Inventory will decrease for both absorption and variable costing. (c) Inventory will not be affected. (d) None of the above f units produced is less than units sold , then. (a) Normally absorption costing will generate higher income compare variable costing. (b) Normally absorption costing will generate lower income compare variable costing. (c) Both methods will generate equal net income a concept whereby organizations consider the needs of all stakeholders when making d-cisions. (a) Business decision making process. (b) Enterprise risk management (c) Corporate social responsibility (d) None of the above

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If units produced is less than units sold , then. (a) Inventory will increase for both absorption and variable costing. (b) Inventory will decrease for both absorption and variable costing. (c) Inventory will not be affected. (d) None of the above f units produced is less than units sold , then. (a) Normally absorption costing will generate higher income compare variable costing. (b) Normally absorption costing will generate lower income compare variable costing. (c) Both methods will generate equal net income a concept whereby organizations consider the needs of all stakeholders when making d-cisions. (a) Business decision making process. (b) Enterprise risk management (c) Corporate social responsibility (d) None of the above

Answer 1

For the first question:If units produced is less than units sold, then:(b) Inventory will decrease for both absorption and variable costing.Explanation: When units produced are less than units sold, it means that the company is selling more units than it is producing. As a result, the inventory levels will decrease for both absorption costing and variable costing methods.For the second question:If units produced is less than units sold, then:(b) Normally absorption costing will generate lower income compared to variable costing.Explanation: Absorption costing includes fixed manufacturing overhead costs in the product costs, while variable costing treats fixed manufacturing overhead costs as period costs. When units produced are less than units sold, the fixed manufacturing overhead costs allocated to the units sold will be higher under absorption costing compared to variable costing. This results in lower net income under absorption costing compared to variable costing.For the third question:A concept whereby organizations consider the needs of all stakeholders when making decisions:(c) Corporate social responsibility.Explanation: Corporate social responsibility (CSR) is a concept that encourages organizations to consider the needs and interests of all stakeholders, including employees, customers, suppliers, communities, and the environment, when making decisions. It involves balancing the interests of various stakeholders and taking into account the social, environmental, and ethical implications of business activities.

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