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Accounting

Which of the following statements is true regarding variable costing?

It is a traditional costing approach.

Only manufacturing costs that change in total with changes in production level are included in product costs.

It is not permitted to be used for managerial reporting.

It treats overhead in the same manner as absorption costing.

It makes it easier to manipulate earnings with changes in production levels.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92048786

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