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1) Three types of costs accumulated on job cost records that include direct materials, and . a. variable factory overhead; fixed factory overhead b. direct

1) Three types of costs accumulated on job cost records that include direct materials, and .

a. variable factory overhead; fixed factory overhead

b. direct labor; budgeted factory overhead

c. direct labor; applied factory overhead

d. direct labor; actual factory overhead

2) Variable costing is also called

a. functional costing

b. the contribution approach

c. indirect costing

d. absorption costing

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