QUESTION 1 Which of the following is not true about the variable costing and absorption costing methods? Absorption costing treats fixed costs as period costs while variable costing treats it as a product cost. Absorption costing allocates all manufacturing costs as product costs while variable costing only uses direct manufacturing costs. Variable costing and absorption costing both treat selling and administrative costs as period costs. Variable costing is designed to capture only variable overhead costs while absorption costing's meant to capture all overhead costs. QUESTION 2 Which of the following is a traceable fixed cost? Server hosting costs for amazon's Audible.com website. The cost of landscaping at the University of Texas at Dallas, The CEO's salary at YETI. The leasing fees of Toyota's headquarters