If a Merchandiser Uses the Periodic Inventory System, It Is

question 147

True/False

If a merchandiser uses the periodic inventory system, it is necessary to conduct physical count of inventory to determine the quantity of inventory on hand.

Identify and differentiate between controllable and non-controllable costs.

Analyze and compute contribution margin and manufacturing margin under variable costing.

Determine the effect of sales and production levels on operating income and inventory valuation.

Understand the significance of contribution margin ratio and its calculation.

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