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Select all of the following statements that are true.(choose all that apply) Sunk costs are reflected on a firm's financial statements. Job order costing systems
Select all of the following statements that are true.(choose all that apply)
Sunk costs are reflected on a firm's financial statements.
Job order costing systems are specific toservice industries,while process costing systems are specific tomanufacturing industries.
Variable costs are always relevant to a decision.
Under absorption costing, when a firm increases production, but has the same amount of sales, cost of goods sold decreases.
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