Calculator Click to watch the Tell Me More Learning Objective 4 video and then answer the questions below 1. Which of the following differentiates absorption costing from variable costing? a. Absorption costing assigns all manufacturing costs to the product, whereas variable costing assigns only variable manufacturing b. Fixed manufacturing overhead is treated as a period cost in absorption costing, whereas fixed manufacturing overhead is treated as c. Fixed manufacturing overhead is not inventoriable in absorption costing, whereas fixed manufacturing overhead is inventoriable in d. Absorption costing is an important managerial tool for internal reporting, whereas variable costing is an important managerial tool costs to the product. a product cost in variable costing. variable costing. for external reporting 2. Mario Corp. had the following data in the recent year Units in beginning inventory Units produced Units sold ($250 per unit) Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced 12,000 9,000 $70 $120 $80 $35 1056 AM 9/18/2018