Question: An income statement presented in a functional format is not very helpful in managerial decision making because it does not show which expenses are product

An income statement presented in a functional format isnotvery helpful in managerial decision making because

it does not show which expenses are product costs and which are period costs.

it does not show which expenses are common and which are allocated.

it does not show which expenses are fixed and which are variable.

it does not show which expenses are direct and which are indirect.

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