Question
To measure firm performance, two methods of calculating income have been developed: Variable costing and absoption costing. Answer the following questions regarding these two methods:
To measure firm performance, two methods of calculating income have been developed: Variable costing and absoption costing. Answer the following questions regarding these two methods:
1. How is cost information related to ecternal financial reporting? How are these two methods used for purposes of external or internal reporting? How does the U.S. GAAP limit use of the two methods?
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Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits
Authors: M Dillon, C Griffith
1st Edition
1855734508, 978-1855734500
