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1.The costs assigned to units in inventory are typically lower under absorption costing than under variable costing.
2.Under variable costing, product cost contains some fixed manufacturing overhead cost.
3.Net operating income is affected by changes in production under both variable costing and absorption costing.
4.Variable selling and administrative expenses are part of product costs under the variable costing approach.
5.Under the absorption costing method, a company can increase profits by increasing production rather than by increasing sales.
11.If a company switches from a traditional costing system to an activity-based costing system in which some activities are batch-level and product-level, costs ordinarily shift from high-volume to low-volume products.
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Management Accounting Professional Ethics
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Provide at least one college level paragraph. Examples would be helpful and appreciated, Thank you.
do you expect reported income and operating cash flows for a service firm to be close in magnitude? would you answer
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