Question: TB MC Qu . 1 9 - 6 3 ( Static ) Which of the following statements is . . . Which of the following

TB MC Qu.19-63(Static) Which of the following statements is...
Which of the following statements is true regarding variable costing?
Multiple Choice
It is the required method for external financial reporting.
It includes direct materials, direct labor, and variable overhead costs in product costs.
It is not permitted to be used for managerial reporting.
It treats overhead in the same manner as absorption costing.
It makes it easier to manipulate earnings with changes in production levels.

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