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Which of the following is a correct statement? a.Neither absorption costing nor variable costing includes an allocated portion of fixed manufacturing overhead in product costs.

Which of the following is a correct statement?

a.Neither absorption costing nor variable costing includes an allocated portion of fixed manufacturing overhead in product costs.

b.Variable costing includes an allocated portion of fixed manufacturing overhead in product costs.

c.Both absorption costing and variable costing include an allocated portion of fixed manufacturing overhead in product costs.

d.Absorption costing includes an allocated portion of fixed manufacturing overhead in product costs.

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