Which of the following costs is always expensed on the income statement under absorption costing as well as variable costing? O a. The cost of direct labor O b. Administrative expenses c. Fixed factory overhead Od. The cost of direct materials Which of the following costs is classified as a period cost under absorption costing? a. Administrative expenses O b. Fixed manufacturing overhead c. The cost of direct labor Od. The cost of direct materials Which of the following is true about the scattergraph method of separating a mixed cost into its fixed and variable components? O a. It generates the smallest possible cost prediction errors. O b. The occurrence of outliners is the biggest disadvantage of this method. c. It is a statistical way to find the best-fitting line through a set of data points. Od. The quality of the cost formula depends on the quality of the subjective judgment of the analyst