In an income statement prepared as an internal report using the variable costing method, fixed manufacturing overhead would
a. not be used.
b. be used in the computation of operating income but not in the computation of the contribution margin.
c. be used in the computation of the contribution margin.
d. be treated the same as variable manufacturing overhead.
B
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A. 20 percent. B. 10 percent. C. 8 percent. D. ?4 percent.
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A. trading B. menu C. shoe-leather D. transactions
Products and services fall into two broad classes based on the types of consumers that use them. Name these two broad classes and describe how they are different from each other
What will be an ideal response?
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