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The IRS allows production volume variance to be deducted for tax purposes in the year in which the cost is incurred. True False Question 36

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The IRS allows production volume variance to be deducted for tax purposes in the year in which the cost is incurred. True False Question 36 (4 points) Accountants choose the cost-allocation bases based on a cause-and-effect relationship when allocating fixed overhead costs. True False

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