During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question? Multiple Choice O $1,600,000 0 $2,400,000 0 $2,000,000 0 $1,000,000 0 C Which of the following statements is true? Multiple Choice C) Under variable costing, direct materials and direct labor are expensed as period expenses. . Under variable costing, fixed manufacturing overhead is expensed as period expenses. Under absorption costing, fixed manufacturing overhead is expensed as period expenses. Fixed manufacturing overhead costs are treated the same under both absorption costing and variable costing