Variable costing is more important for external reporting than for internal decision making.
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Q14: Total overhead applied is the result of
Q15: Budgeted factory-overhead rate = total budgeted factory
Q16: In actual practice, prorating is done only
Q18: The proration method assigns underapplied overhead and
Q20: No one cost driver is right for
Q21: Fixed manufacturing overhead is excluded from the
Q22: If a company uses the variable-costing approach,
Q23: There is no production-volume variance only when
Q24: Gross margin appears in a variable-costing income
Q94: The variable-costing income statement uses the contribution-approach
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