Financial statement information uses average costs (variable plus average fixed overhead)to calculate cost of goods sold and to value inventory. Are these average costs useful in making nonroutine operating decisions? Explain.

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The Answer of Financial statement information uses average costs (variable plus average fixed overhead)to calculate cost of goods sold and to value inventory. Are these average costs useful in making nonroutine operating decisions? Explain.

Financial Statement Information Uses Average Costs (Variable Plus Average Fixed