-Period costs are expensed as incurred, rather than charged to jobs T/F.

-Under variable costing, fixed manufacturing overhead cost is treated as a product cost T/F.

-The Cost of Goods Manufactured represents:

A. the amount of cost charged to jobs during the period.

B. the amount of cost transferred from Finished Goods to Cost of Goods Sold during the period.

C. the amount of cost placed into production during the period.

D. the cost of goods completed during the current year whether they were started before or during the current year.