Fill in the blanks.

1. Direct costing is sometimes called _____________ or ____________ or _____________ costing.
2. Absorption costing is sometimes referred to as ______________ or _______________.
3. The difference between direct and absorption costing is the way _______________ are handled.
4. Product costs, representing the cost of goods manufactured under absorption costing consist of all __________________ manufacturing costs.
5. Under direct costing, fixed overhead costs are charged to expense as _______________ costs; while under absorption costing treats fixed costs as part of _____________________.
6. If production exceeds sales _________ costing will show a greater profit than ________ costing.
7. When there is an inventory decrease, e.g. sales in units exceed the units produced ___________ costing will show a greater profit than _______________ costing.
8. Both methods of costing will show the same results, when production and sales ____________ each other.
9. If production fluctuated and sales are constant, ______________ profit fluctuates and _________ profit is constant.
10. If __________ is constant and ___________ fluctuates, both vary in the direction of sales.