Are the following statements true or false? a. COGS is made only of variable costs. b. SGA
Question:
Are the following statements true or false?
a. COGS is made only of variable costs.
b. SGA is made only of fixed costs.
c. A firm fixed costs appear only above EBITDA in the income statement.
d. The percentage of fixed costs usually increases with operations automation.
e. The very same cost may be fixed or variable, depending on the decision under consideration.
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a False COGS Cost of Goods Sold typically consists of both variable costs directly related to the pr...View the full answer
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Related Book For 
Practical Finance For Operations And Supply Chain Management
ISBN: 9780262043595
1st Edition
Authors: Alejandro Serrano, Spyros D. Lekkakos, James B. Rice
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