Question
Difference(s) in a merchandising concern's budget compared to a manufacturing firm is (are): 1.Merchandising concerns have period cost only. 2.The cost of goods sold for
Difference(s) in a merchandising concern's budget compared to a manufacturing firm is (are):
1.Merchandising concerns have period cost only.
2.The cost of goods sold for a merchandising concern is based on fixed costs only.
3.The cost of goods sold for a merchandising concern is based on variable costs only.
4.Manufacturing firms have product costs only.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
