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Question 3 Which of the following costs may consist of both variable and fixed cost elements with respect to the total units produced and sold?

Question 3

Which of the following costs may consist of both variable and fixed cost elements with respect to the total units produced and sold?

I. Compensation of Sales Personnel

II. Manufacturing Overhead

III. Direct Materials

Only I

Only II

I and II

I and III

I, II, and III

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