& Choose the correct statements from the following: O Variable costing and absorption costing are the same. O For decision making, absorption costing is more suitable than variable costing O Variable costing is based on the distinction between fixed and variable costs. O Absorption costing produces a lower product cost QUESTION 9 Which of the following is true of a company that uses absorption costing? ONet operating income fluctuates directly with changes in sales volume. O Fixed production and fixed selling costs are considered to be product costs. Unit product costs can change as a result of changes in the number of units manufactured. O Variable selling expenses are included in product costs. QUESTION 10