11 )Variable manufacturing overhead costs are treated as product costs under both absorption and variable costing A) TRUE B) FALSE 12) Under variable costing, fixed manufacturing overhead is treated as a product cost A) TRUE B) FALSE 13) Net operating income computed using absorption costing will always be less than net operating income computed using variable costing. A) TRUE B) FALSE 14) Segment margin is sales less variable expenses less traceable fixed expenses. A) TRUE B) FALSE 15) In activity-based costing, as in traditional costing systems, manufacturing costs are not assigned to products. A) TRUE B) FALSE traditional cost system is generally easier to set up and run than an activity-based costing system. A) TRUE B) FALSE