Del urlt was $1.25 for both the beginning and ending ivelbry. What is net income under absorption costing? $833,125 $903,750 $966,875 o $896,250 $900,000 QUESTION 2 Which of the following statements is true? OUnder variable costing, direct materials and direct labor are expensed as period expenses. O Under variable costing, fixed manufacturing overhead is expensed as period expenses. O Fixed manufacturing overhead costs are treated the same under both absorption costing and variable costing. O Reported income under absorption costing is not affected by production level changes. O Under absorption costing, fixed manufacturing overhead is expensed as period expenses