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Which of the following can be used as circumstantial evidence of intent
Absorption Costing
An accounting method that includes all manufacturing costs, direct and indirect, in the cost of a product.
Operating Income
The profit realized from a business's core operations, excluding deductions of interest and tax as well as income from non-operating activities.
Variable Costing
A method of costing that includes only variable production costs (direct material, direct labor, and variable overhead) in the cost of goods sold.
Absorption Costing
A financial recording technique that incorporates every manufacturing expense such as direct materials, direct labor, alongside all overhead costs, whether variable or fixed, into the product's cost.
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