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Is service departments are parts of a business

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Reference no: EM132465300

Question 1: Service departments are those parts of a business that are not connected with production, such as Sales, Finance, or Customer Service.

  1. True
  2. False

Question 2: In a service firm, the entries to record the completion of a project and billing the client include a CREDIT to Work in Process.

  1. True
  2. False

Question 3: Managers use product costing information in determining budgets and setting prices for products.

  1. True
  2. False

Reference no: EM132465300

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