MCQOPTIONS
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| 1. |
Administration overheads and sales and distribution overheads are not absorbed into product costs. Instead, they are treated in full as an expense in the financial period to which they relate. |
| A. | The above statement is correct |
| B. | The above statement is incorrect |
| C. | none |
| D. | none |
| Answer» B. The above statement is incorrect | |