Which of the following statements regarding a process costing system is false? Multiple Choice Use of a process costing system would be appropriate for a company that manufactures luxury yachts. Unit costs are computed for each department. The number of equivalent units for a period takes into account the stage of completion of ending work in proc Unit cost is determined for a designated period of time. Which of the following statements is true for a company that uses variable costing? Multiple Choice The manufacturing cost per unit decreases when the volume of production increases. Net income is affected by fluctuations in production. Fixed manufacturing overhead is treated like a period cost. Fixed manufacturing overhead costs incurred in the current period may be recognized as expense in a later period