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1.(TRUE or FALSE) In Variable Costing FOH is treated as a period cost and NOT deferred to a follow on period. 2.(TRUE or FALSE) In

1.(TRUE or FALSE) In Variable Costing FOH is treated as a period cost and NOT deferred to a follow on period.

2.(TRUE or FALSE) In Absorption Costing if production is greater than sales inventory goes up and those costs are deferred to another reporting period.

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