1. Would the following costs be classified as product or period costs under variable costing at a retail clothing store? B) Salary of sales clerk Product Product Period Period Salary of cost accountant Product Period Product Period C) D) A. Option A B. Option B C. Option D. Option 2. Fixed manufacturing overhead is included in product costs under Absorption costing Variable costing Yes No No No Yes Yes Yes No A. Option . B. Option C. Option D. Option 3. Which of the following are considered to be product costs under variable costing! 1. Variable manufacturing overhead. II. Fixed manufacturing overhead. III. Selling and administrative expenses. AL BI and II. C. I and III. D. I, II, and TIL 4. In an income statement segmented by product line, a fixed expense that cannot be allocated among product lines on a cause-and-effect basis should be A. classified as a traceable fixed expense and not allocated B. allocated to the product lines on the basis of sales dollars. C. allocated to the product lines on the basis of segment margin D. classified as a common fixed expense and not allocated