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    • Question

      Which cost concept includes both variable and fixed

      manufacturing costs?
      A Marginal cost Correct Answer Incorrect Answer
      B Prime cost Correct Answer Incorrect Answer
      C Absorption cost Correct Answer Incorrect Answer
      D Direct cost only Correct Answer Incorrect Answer
      E Opportunity cost Correct Answer Incorrect Answer

      Solution

      Absorption costing includes fixed and variable manufacturing overheads in product cost.

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