Aggregation is a strict form of composition when the life of the part is tied to the life of the whole

If production exceeds units sold, which of the following statements is correct?

A) The same operating income will result under both a variable costing and absorption costing income statement. B) A higher operating income will result under a variable costing income statement. C) A higher operating income will result under an absorption costing income statement. D) A lower operating income will result under an absorption costing income statement.

Private brands are:

A) new brands sold in the same category. B) the joint venture of two or more brands in a new good or service. C) the use of established brand names on goods and services not related to the company's core brand. D) proprietary brands marketed by an organization and normally distributed exclusively within the organization's outlets.