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Which of the following is true for a chemical reaction at equilibrium?
Variable Costing
An accounting method that includes only variable manufacturing costs - direct materials, direct labor, and variable manufacturing overheads - in product costs.
Variable Costs
Costs that change in proportion to the level of production or business activity.
Full Costs
This refers to the comprehensive total amount that includes all relevant costs of production, including direct, indirect, fixed, and variable costs.
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