how does absorption costing differ from variable costing when will absorption costin 649676

  1. How does absorption costing differ from variable costing? When will absorption costing operating income exceed variable costing operating income?
  2. What are some advantages and disadvantages of using net income as a measure of profitability?
  3. Why do some firms measure customer profitability? In what situation(s) would a firm not want to measure customer profitability?
  4. What variances do managers use in trying to understand the difference between actual and planned revenue?
  5. Describe the product life cycle. How do unit level costs behave in relation to the product life cycle? Batch level costs? Product level costs? Facility level costs?