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Chapter 5 Discussion Topic As stated in the textbook, absorption costing is required by GAAP and must be used whenever a company provides financial statements

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Chapter 5 Discussion Topic As stated in the textbook, "absorption costing is required by GAAP and must be used whenever a company provides financial statements to individuals outside the company" (Sawyers, Jackson, & Jenkins, 2013). If absorption costing is required by GAAP, why would a company use variable costing for internal purposes

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