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The total cost method includes all manufacturing costs plus selling and administrative expenses in the cost amount to which the markup is added to determine
The total cost method includes all manufacturing costs plus selling and administrative expenses in the cost amount to which the markup is added to determine product price. O True O False Yield pricing practices are common in low-fixed-cost service businesses. True False The revenue that is forgone from an alternative use of an asset, such as cash, is called opportunity cost. True False If operating income for a division is $5,000, invested assets are $25,000, and sales are $30,000, the profit margin is 20%. True False The Human Resources Department in a department store is an example of a support department. True False
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