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Under variable costing, the method allows one to assign costs that may not match the revenue streams. An example would be to assign costs from another production cycle, for what-if analysis. What does this mean to you in your own words?
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Cherokee Company acquired a machine on January 1, 2009, that cost $2,700 and had an estimated residual value of $200. Complete the following schedule using the three methods of depreciation: A. straight-line, B. units-of-production, C. 150% declin..
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