Which of the following statements is false? (You may select more than one answer.) a. Under variable

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Which of the following statements is false? (You may select more than one answer.)

a. Under variable costing, only those manufacturing costs that vary with output are treated as product costs.

b. Under variable costing, variable selling and administrative expenses are treated as product costs.

c. Under absorption costing, fixed manufacturing overhead is treated as a product cost.

d. Under absorption costing, fixed selling and administrative expenses are treated as period costs.

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ISE Introduction To Managerial Accounting

ISBN: 9781260091755

8th Edition

Authors: Peter Brewer, Ray Garrison, Eric Noreen

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