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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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