Variable costing is appropriate only for manufacturing firms, not for service firms.
Correct Answer:
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Q43: In a service firm, it may be
Q44: Which of the following terms is commonly
Q45: Direct labor cost is an example of
Q46: Which of the following terms is commonly
Q47: In evaluating the performance of salespersons, the
Q49: The contribution margin ratio is computed as
Q50: Sales mix is generally defined as the
Q51: In the long run, for a business
Q52: Another name for variable costing is
A)indirect costing
B)process
Q53: EBITDA represents operating income after income tax,
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