4 Choose the correct statements from the following O Variable costing and absorption costing are the same For decision making, absorption costing is more suitable than vanban costing O Variable costing is based on the distinction between foced and variable costs Absorption costing produces a lower product cost. QUESTION 5 Which of the following is true of a company that uses absorption costing? O Net operating income fluctuates directly with changes in sales volume, Foxed production and fixed selling costs are considered to be product costs Unit product costs can change as a result of changes in the number of units manufactured Variable selling expenses are included in product costs QUESTION 6 G. Company has a material standard of 1.1 pound per unit of output. Each pound has a standard price of $25 per pound. Duringly. G Company paid $118,800 for 5,100 pounds, which they used to produce 4,900 units. What is the direct materials efficiency variance? $7,250 favorable O $5,000 favorable $7.250 unfavorable $5,000 unfavorable