Examlex
Which one of the following is NOT a necessary step in preparing a production cost report?
Net Sales
Total sales revenue less returns, allowances, and discounts.
Percentage Increase
A measure of the degree to which a quantity has grown compared to its previous value, expressed as a percentage.
Horizontal Analysis
Amounts of items compared on the same line of comparative financial reports. Horizontal analysis can also be in the form of a trend analysis.
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