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Which of the following statement is false? Multiple Choice The contribution margin income statement format separates costs according to cost behaviour. Variable costing method is

Which of the following statement is false? Multiple Choice

The contribution margin income statement format separates costs according to cost behaviour.

Variable costing method is more useful than absorption costing approach in internal and managerial decision-making.

Fixed manufacturing overhead is treated as a product cost under absorption costing method.

Fixed manufacturing overhead is treated as a period cost under absorption costing method. The absorption costing approach is used in external financial reporting.

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