Answer:
A higher operating income will result under absorption costing
Explanation:
If manufacturing production exceeds units sold there will be an increase in inventory and increases in inventory cause income to be higher under absorption costing than under variable costing.
Under variable costing, as its name suggests, only variable production costs are assigned to inventory and cost of goods sold.
Under absorption costing, normal manufacturing costs are considered product costs and included in inventory.
<em>Recognize that a reduction in inventory during a period will cause the opposite effect. </em>
<em>Specifically, a portion of the contents of the beginning inventory would be transferred to expense commensurate with the decrease in inventory. </em>
<em>Since the inventory contains less under variable costing, expect expenses to be lower and income to be higher.</em>
Conservationists tend to believe that resources should be saved because they are important for a strong economic system and <u>used by all living things</u>
<h3>
Who is a Conservationist?</h3>
- The conservation movement also referred to as nature conservation, is a political, environmental, and social movement that works to manage and safeguard natural resources, including animal, plant, and fungal species as well as their habitat, for the benefit of present and future generations.
- Environmental conservationists strive to leave the environment in better shape than when they found it.
- Data-based conservation aims to increase the efficacy of conservation activities by utilizing credible scientific evidence.
- To preserve natural resources including fisheries, wildlife management, water, soil, conservation, and sustainable forestry, the early conservation movement developed out of necessity.
- The modern conservation movement now includes biodiversity preservation in addition to the early movement's focus on the sustainable use of natural resources and the protection of wilderness regions.
To learn more about Conservationists with the given link
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Answer:
b. spending on goods to be used in future production
Explanation:
There are basically four components of Gross domestic product (GDP) which are as follows
GDP = Consumption spending + investment + government spending + net exports
where,
Net exports would equal to
= Export-import
Here, investment means the investment is done on goods which increase in productivity for the future period so that overall output could be increased
<span>Past costs that are not affected by new decisions are known as sunk costs. Sunk costs do not need to be taken into account when making new decisions because the money associated with it was already lost and it can not be regained. This money is lost by businesses due to bad decisions, such as poor investments.</span>
Answer:

where:

The inventory turnover represent how many times the company sales their inventory during the year or period of analysis.
A high inventory turnover during Christmas shopping seasons mean sales are higher. The inventory in the store is sold more times during this time.