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i comparing the absorption and variable cost methods, each of the following statements is true...

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Accounting

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i comparing the absorption and variable cost methods, each of the following statements is true except: Only the absorption method may be used for external financial reporting. SG\&A fixed expenses are not included in inventory in either method. When inventory increases over the period, variable net income will exceed absorption net income. Variable costing charges fixed overhead costs to the period they are incurred

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