Which of the following statements are true? 1. Wages paid to production supervisors would be classified as manufacturing overhead. II. Indirect costs, such as manufacturing overhead, are variable costs. III. Selling costs are indirect costs. IV. Administrative costs are indirect costs. Multiple Choice O Only statement I is true. Statements I and III are true. All statements are true.

Which of the following statements are true? 1. Wages paid to production supervisors would be classified as manufacturing overhead. II. Indirect costs, such as manufacturing overhead, are variable costs. III. Selling costs are indirect costs. IV. Administrative costs are indirect costs. Multiple Choice Only statement I is true. Statements I and III are true. All statements are true