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1) Three types of costs accumulated on job cost records that include direct materials, and .
a. variable factory overhead; fixed factory overhead
b. direct labor; budgeted factory overhead
c. direct labor; applied factory overhead
d. direct labor; actual factory overhead
2) Variable costing is also called
a. functional costing
b. the contribution approach
c. indirect costing
d. absorption costing
Discuss the above quotation, particularly as it applies to non-current assets. Do you consider Chamber's assertion is justified?
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Compute the markup percentage to achieve a desired ROI of $20 per unit and compute the target selling price
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