B-23.01 Worksheet

B-23.01 Worksheet - which Increases in inventory will cause...

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Name: Date: Section: B-23.01 method? Variable Costing Absorption Costing Generally accepted accounting principles require this method for external reporting. Includes fixed manufacturing costs as a product cost. The cost assigned to ending inventory would be less under which method?
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Unformatted text preview: which Increases in inventory will cause income to be higher under which method? Results in a measurable value known as "gross profit." Results in a measurable value known as "contribution margin." Factory depreciation is allocated to inventory. Variable factory overhead is allocated to inventory....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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