1. a). Under absorption costing,

only direct variable manufacturing costs are inventoriable.

only direct fixed manufacturing costs are inventoriable.

all manufacturing costs are inventoriable.

no manufacturing costs are inventoriable.

b).

Under absorption costing,

only the quantity of products sold determines cost of goods sold.

only the quantity of products produced determines cost of goods sold.

both the quantity of products produced and sold determines cost of goods sold.

neither the quantity of products produced or sold determines cost of goods sold.