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Which of the following is not a characteristic of variable costing for inventory? A) It is unacceptable for external reporting according to GAAP B) Fixed
Which of the following is not a characteristic of variable costing for inventory?
A) It is unacceptable for external reporting according to GAAP
B) Fixed overhead is deducted as a period expense
C) Income is higher under variable costing when production exceeds demand
D) Variable costing provides more relevant information for management decision-making
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