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Which of the following statements are true?1.Wages paid to production supervisors would be classified as manufacturing overhead. 2.Indirect costs, such as manufacturing overhead, are variable
Which of the following statements are true?1.Wages paid to production supervisors would be classified as manufacturing overhead. 2.Indirect costs, such as manufacturing overhead, are variable costs. 3.Selling costs are indirect costs. 4.Administrative costs are indirect costs. All statements are true. Statements I and III are true. None of the statements are true. Only statement I is true.
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