- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 12. Introduction to Financial Statement Modeling
- Subject 1. Building a Financial Statement Model
CFA Practice Question
Which SG&A component is the most variable one?
B. Overhead costs.
C. R&D expense.
A. Distribution expense.
B. Overhead costs.
C. R&D expense.
Correct Answer: A
It is closely linked to sales.
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