Question: QUESTION 2 3 Select the incorrect statement regarding service companies. A . Because service companies do not carry inventory, it is impossible to determine product

QUESTION

23

Select the incorrect statement regarding service companies.

.

Because service companies do not carry inventory, it is impossible to determine product costs.

.

Because the products of service companies are consumed immediately, there is no finished goods inventory on their balance sheets.

.

Managers of service companies are expected to control costs, improve quality, and increase productivity just like managers of manufacturing companies.

.

Material, labor, and overhead costs of service companies are treated as period costs.

QUESTION 23 Select the incorrect statement regarding service companies. A. Because

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