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Previous Page Next Page Page 5 of 15 Question 5 (5 points) Which of the following about Absorption and Variable Costing is definitely incorrect? Variable Costing is not compatible with GAAP. When production units sales units, part of the fixed overhead incurred during the same period is deferred in the remaining inventory under Variable Costing. Absorption Costing is required for providing information for the external users of financial information. Previous Page Next Page Page 5 of 15
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