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Consider the following statements: (1) Direct costs are those that vary with the level of output. (2) Indirect costs are those that do not vary

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Consider the following statements: (1) Direct costs are those that vary with the level of output. (2) Indirect costs are those that do not vary with output. Which of these statements is/are correct? O A. 1 only B. Neither 1 nor 2 O c. 1 and 2 OD. 2 only

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