Which of the following statements is true? Multiple Choice In variable costing, variable manufacturing overhead costs are recorded as period expenses on the income statement as incurred. In veritable casting, variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as sales revenue on the income statement. in variable costing, variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of cost of goods sold on the income statement in variable casting, variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of selling and administrative expenses on the income statement Which of the following statements is true? Multiple Choice In variable costing, fixed manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of selling and administrative expenses on the income statement In variable costing, fixed manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as sales revenue on the income statement In variable costing, fixed manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of cost of goods sold on the income statement. In variable costing, fixed manufacturing overhead costs are recorded as period expenses on the income statement as incurred. Which of the following statements is true? Multiple Choice In absorption costing, variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as sales revenue on the income statement absorption costing, variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of selling and administrative expenses on the income statement, In absorption costing, variable manufacturing overhead costs are recorded as period expenses on the income statement as incurred. In absorption costing, variable manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of cost of goods sold on the income statement Which of the following statements is false? Multiple Choice Variable costing treats fixed manufacturing overhead as a period cost. Variable costing treats fixed administrative expense as a period cost. Variable costing treats sales commissions as a product cost. Variable costing treats variable manufacturing overhead as a product cost. Which of the following statements is false? Multiple Choice 0 Absorption costing treats fixed administrative expense as a period cost. O Absorption costing treats sales commissions as a period cost. O Absorption costing treats variable manufacturing overhead as a product cost. Absorption costing treats fixed manufacturing overhead as a period cost