Which of the following must be known about a production process in order to institute a variable costing system?
a. the variable and fixed components of all costs related to production
b. the controllable and non-controllable components of all costs related to production
c. standard production rates and times for all elements of production
d. contribution margin and break-even point for all goods in production
A
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Indicate whether the statement is true or false
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Indicate whether the statement is true or false
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