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Which of the following statements regarding the differences between managerial accounting applications for manufacturing and service companies is not true? a.Service companies require a physical
Which of the following statements regarding the differences between managerial accounting applications for manufacturing and service companies is not true?
a.Service companies require a physical production site.
b.Overhead is an indirect cost incurred in serving customers in a service company.
c.Labor may be a direct cost to customers for a service firm.
d.Service companies may use cost of services on the income statement rather than cost of goods sold.
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