1) Cost information from both absorption costing and variable costing can aid managers in pricing. True or False?

2) The most complex of the cost estimation methods is the high-low method. True or False?

3)The more activities tracked by activity-based costing, the more accurately overhead costs are assigned. True or False?

4) Income under absorption costing will always be different than income under variable costing. True or False?

5) Under a traditional income statement format expenses are grouped according to cost behavior. True or False?

6) Absorption costing is not permitted under GAAP. True or False?