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In a normal job-costing system manufacturing overhead is allocated to jobs based on A. Budgeted consumption of the allocation base B. Budgeted fixed costs C.

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In a normal job-costing system manufacturing overhead is allocated to jobs based on A. Budgeted consumption of the allocation base B. Budgeted fixed costs C. Actual consumption of indirect costs D. Actual consumption of the allocation base Consider a manufacturing firm whose total costs for a given accounting period include variable manufacturing costs, fixed manufacturing costs and fixed non-manufacturing costs. There are no variable non-manufacturing wamount for this firm costs. There are no beginning or ending Work-in-process or Finished Goods inventories. The gross margin $ A. Will be strictly less than its contribution margin S amount B. Will be equal to its contribution margin $ amount C. Will be strictly positive D. Will be negative O E. Will be strictly greater than its contribution margin $ amount Under actual costing, the cost of goods manufactured for a manufacturing company that experiences a decrease in finished goods inventory during an accounting period (.e. ending finished goods is smaller than beginning finished goods) A. Will be smaller than the period costs B. Will be smaller than the cost of goods sold OC. Will be larger than the gross margin OD. Will be larger than the cost of goods sold

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