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Review the following income statement. Assume that this information represents all available data (i.e. other potential data points such as sales price per unit or
Review the following income statement. Assume that this information represents all available data (i.e. other potential data points such as sales price per unit or the number of units manufactured are not currently available). Select the items that are true statements about the format presented and/or the data available. Select one or more: a. The presentation is an absorption costing format. b. The presentation is a variable costing format. c. The presentation is a GAAP-based format. d. The data available is sufficient for calculating a contribution margin ratio. e. The data available is sufficient for calculating variable and fixed manufacturing costs per unit. f. The data available is sufficient for breakeven analysis (in sales units). g. The data available is sufficient for breakeven analysis (in sales dollars). h. This categorization and format of cost data is generally considered best for short-term decisionmaking. i. This categorization and format of cost data is generally considered best for long-term decisionmaking. j. The data indicates that the organization is operating above the breakeven point and has a positive margin of safety. k. The data indicates that the organization is operating at or below the breakeven point and has a zero margin of safety
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