On an income statement prepared according to the recommended USAR format, the cost of utilities is listed
Question:
On an income statement prepared according to the recommended USAR format, the cost of utilities is listed further down the statement than is the cost of labor because
a. Managers have less control over the cost of utilities than the cost of labor.
b. Managers have more control over the cost of utilities than the cost of labor.
c. The cost of utilities is usually less than the cost of labor.
d. The cost of utilities is usually greater than the cost of labor.
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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