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A traditional income statement would separate product costs (COGS) and period costs (administration, selling, marketing, etc.). Can these costs also be classified as either variable
A traditional income statement would separate product costs (COGS) and period costs (administration, selling, marketing, etc.). Can these costs also be classified as either variable or fixed? If so, could we use this information to prepare a contribution margin income statement?
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Yes both product costs Cost of Goods Sold COGS and period costs administration selling marketing etc can be classified as either variable or fixed cos...
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Canadian edition
77429494, 1259105709, 1260480798, 978-1259105708
