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Business, 20.03.2020 12:05 lethycialee79711

Select all of the following statements that are true. Variable costs are always relevant to a decision. Opportunity costs and sunk costs are not reflected on a firm’s financial statements. Job order costing systems are used in service industries; process costing systems are used in manufacturing industries. Direct costs are manufacturing costs; indirect costs are non-manufacturing costs. Under absorption costing, when a firm increases production, but has the same amount of sales, cost of goods sold decreases.

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Select all of the following statements that are true. Variable costs are always relevant to a decisi...
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