Identify the true statement about variable costing. a. It treats fixed manufacturing overhead as a period cost. b. It is the most acceptable product-costing method for external reporting, c. It assigns all manufacturing costs to the product. Od. It treats fixed selling overhead as a product cost. blem #3 of 12 The following data relates to Alpha Company. Units in beginning inventory Units produced 24,000 Units sold ($250 per unit) 20,000 Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative expenses 150,000 Determine the value of ending inventory under variable costing. a. $380,000 b. $500,000 C. $680,000 d. $440,000 $45 m #5 of 12 Which of the following is an example of a variable cost for a manufacturing unit? a. Lease payment b. Advertising cost c. Plant supervisor's salary d. Direct materials cost em #6 of 12 For planning and control purposes, a. mixed costs should be considered sunk costs b. mixed costs should be separated into variable and fixed components c. only the fixed component of mixed costs should be considered d. mixed costs should be ignored