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13. Consider the following statements: I. Under Variable Costing Fixed manufacturing costs are treated as a PRODUCT expense. II. A company produces more than it
13. Consider the following statements: I. Under Variable Costing Fixed manufacturing costs are treated as a PRODUCT expense. II. A company produces more than it sells during the period. If the company uses Absorption Costing its profit generally will be larger than if the company uses Variable Costing a. I is true; II is true b. I is true; II is false c. I is false; II is true d. I is false; Il is false Answer 14. The following data have been collected for four different cost items. Which of the following classifications of these cost items by cost behavior is correct
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