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If the variable costing concept is followed, which of the following costs would be included as part of the cost of product manufactured? (1) Depreciation
If the variable costing concept is followed, which of the following costs would be included as part of the cost of product manufactured? (1) Depreciation on plant; (2) Direct labor; (3) Direct materials; (4) Property taxes on plant; (5) Insurance on plant; (6) Electricity purchased to operate machinery.
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