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Unformatted text preview: C) Standard costing is not permissible under generally accepted accounting principles. D) Total fixed overhead costs are applied as a "lump-sum" amount. E) The amount of standard fixed overhead costs for product-costing and control purposes is the same....
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This note was uploaded on 03/31/2010 for the course BUS-A 325 taught by Professor Campbell during the Spring '09 term at Indiana.
- Spring '09