Learning Task #1: Directions: Write the word "T" if the statement is True; and, "F" if the statement is False.

1. Product cost estimation is calculated by adding the total unit variable costs and the total fixed costs.

2. Direct material costs, direct overhead, and salary of staff comprised the unit variable costs.

3. Fixed costs do not change over a short period of time.

4. The choice of pricing strategy depends on the consumer.

5. "All bente" is a price lining strategy.