b. i. State true or false for the following statement: All fixed costs are treated as period costs for marginal costing ii. Absorption costing is method acceptable for tax and external reporting purpose iii. Over absorption cause profit to be overstated and need to be deducted to the unadjusted profit iv. Marginal Costing is not useful for decision making as it does not emphasize the main factor contribute to increase or decrease in net profit V. Marginal costing will report a higher profit than absorption costing when production is greater than sales (5 marks) (Total: 21 marks)