true or false

In determining cost of goods sold, two alternate costing concepts can be used: direct costing and variable costing. True/false

The absorption costing income statement does not distinguish between variable and fixed costs. t/F In determining cost of goods sold, two alternate costing concepts can be used: absorption costing and variable costing. t/f

Variable costing is also known as direct costing. t/f

The contribution margin and the manufacturing margin are usually equal.t/f