a. Under absorption costing, fixed manufacturing overhead cost is not included in product cost. True...
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Accounting
a. Under absorption costing, fixed manufacturing overhead cost is not included in product cost.
True
False
b. In business, a budget is a method for putting a limit on spending.
True
False
c. If two companies produce the same product and have the same total sales and same total expenses, operating leverage will be higher in the company with a higher proportion of fixed expenses in its cost structure.
True
False
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