Absorption costing measures use gross margin as the contribution to profit.
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Q41: Tracing costs means attaching or assigning indirect
Q42: Tracing costs is generally considered a more
Q43: A committed cost may be changed quickly
Q44: Sunk costs are past resource payments that
Q45: Absorption costing uses sales less variable costs
Q47: Gross margin is sales less variable production
Q48: Throughput costing inventory contains no conversion and
Q49: When inventory levels increase, absorption costing will
Q50: When inventory levels remain constant, absorption and
Q51: When inventory levels decrease absorption costing will
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