- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Valuation
- Learning Module 22. Industry and Company Analysis
- Subject 2. Income Statement Modeling: Operating Costs and Non-Operating Costs
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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