Which of the following is not a step involved in "unitizing" fixed overhead costs for product costing purposes? Multiple Choice Calculate the actual total fixed factory overhead, Choose a denominator activity level. Determine budgeted total fixed factory ovethead. Calculate the predetermined fixed overhead application rate. Choose an appropriate activity measure for applying fixed foctory overhed. What is another name for the total variable overhead variance? Multiple Choice Flexible budget variance. Actual variable overhead variance. Over-or underapplied variable overhead. Variable overhead factory varience. Total overhead spending variance For product costing purposes, which of the following statements is true? Multiple Choice Under the absorption or full-costing approach it is necessary to "unitize" fixed overhead costs. The amount of standard fixed overhead costs for product costing and for control purposes is the same. Only standard variable overhead costs are included since these costs change in response to cost drivers. Standard costing is not permissible under generally accepted accounting principles (GAAP). Total fixed overhead costs are applied to production (output) as a "lump-sum" amount