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Which of the following costs are generally included in a calculation of operating income when using absorption costing? I. Fixed direct manufacturing costs II. Variable

Which of the following costs are generally included in a calculation of operating income when using absorption costing?
I. Fixed direct manufacturing costs
II. Variable direct manufacturing costs
III. Variable manufacturing overhead costs
IV. Fixed manufacturing overhead costs
A. I, II, and III only.
B. I, II, III, and IV.
C. II and III only.
D. I and IV only.

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