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    Managerial Accounting Study Set 6
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    Exam 10: Decentralizing and Performance Evaluation
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    Net Operating Profit Is Defined as
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Net Operating Profit Is Defined as

Question 11

Question 11

Multiple Choice

Net operating profit is defined as


A) Operating income minus income taxes.
B) Sales minus variable costs.
C) Contribution margin minus traceable fixed costs.
D) Contribution margin minus traceable and allocated fixed costs.

Correct Answer:

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