TRUE FALS Naagment aceuntonts are reaired to tollow the generally thet are sest Reseat reporting when preparing reports for internal ers preparinseponis S Pertod costs are part of inventory and are expensed when the inventory is sold ALSE All the fotlowing costs should be considered direct costs of providing delivery room services to a particutar mother and her baby: the costs of drugs administered in the operating room, the atending physician's fees, and a portion of the liability insurance carried by the hospital to cover the delivery room FRUE FALSE 7 The work in process inventory account will only have a balance if there is unfinished work in the factory TRUE FALSE 8. There is no difference between variable-costing and absorption-costing net income if the inventory level does not change from the beginning to the end of the year. TRUI FALSE 9 A mixed cost contains both variable and fixed cost elements TRUE FALSE 10. The only difference between variable and absorption costing is the accounting for v manufacturing overhead. FALSE 2