Which of the following statements regarding the differences between managerial accounting applications for manufacturing and service companies is true? a

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Which of the following statements regarding the differences between managerial accounting applications for manufacturing and service companies is true?

a.Service companies require a physical production site.

b.Service companies have larger materials, work in process, and finished goods inventories than manufacturing companies.

c.Service companies incur both product costs and period costs.

d.Service companies may use cost of services on the income statement rather than cost of goods sold.