Which of the following statements is true? 1. Varlable manufacturing overhead costs are treated as product costs under both absorption and variable costing. II. Absorption costing treats all manufacturing costs as product costs. Multiple Choice Only statement is twe. Only statement ilis is trud Both statements are true Neither statement is true. A manufacturing company that produces a single product has provided the following data concerning its most recent manth of operations: What is the total period cost for the month under variable costing? A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: There were no beginning or ending inventories. The absorption costing unit product cost was: A company produces a single product. Variable production costs are $12.20 per unit and variable selling and adiministratve expenses are $3.20 pet unt Fixed manufacturing overhead totals $38,000 and fixed selling and administration expenses total $42.000. Assuming a beginning invertary of rero. production of 4,200 units and sales of 3,700 units, the dollar value of the ending imentory under variable costing would be: Mutiple Choice 36100 510.600 57700 14,500 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: The total gross margin for the month under absorption costing is: The company's common fixed expenses total $91,300. The break-even in sales dollars for Alpha Division is closest to: The company's common fixed expenses total $91,300. The break-even in sales dollars for Alpha Division is closest to: The total gross margin for the month under the absorption costing approach is: What is the net operating income (loss) for the month under variable costing