Under variable costing Select one: O only the quantity of products produced determines cost of goods sold. O only the quantity of products sold determines cost of goods sold. O both the quantity of products produced and sold determines cost of goods sold. O neither the quantity of products produced or sold determines cost of goods sold. Under absorption costing a Select one: O only fixed selling and administration costs are expensed while variable selling and administration costs are inventoried. O selling and administration overhead costs are expensed as incurred. O only variable selling and administration costs are expensed while fixed selling and administration costs are inventoried. O selling and administration overhead costs are inventoried. Which of the following is false? Select one: The weighted average contribution margin of all the products is calculated when determining the break- even sales for a multi-product firm. O If Conan Corporation sells two products with a sales mix of 75%-25%, and the respective contribution margins are $100 and $300, then weighted-average unit contribution margin is $150. O If fixed costs are $100,000 and weighted average unit contribution margin is $50, then the break-even point in units is 2,000 units. O The weighted-average contribution margin cannot be used to calculate break-even sales for a mix of two or more products. Which of the following is false? of Select one: O Incremental costs are always relevant O The process used to identify the financial data that change under alternative courses of action is called incremental analysis. tion Incremental analysis identifies the probable effects of management decisions on future earnings. In incremental analysis, total fixed costs will always remain constant under alternative courses of action