Question: Multiple choice: Only statement I is trueOnly statement II is trueBoth statements are trueNeither statement is true Which of the following statements is true? I.
Multiple choice: Only statement I is trueOnly statement II is trueBoth statements are trueNeither statement is true

Which of the following statements is true? I. Variable manufacturing overhead costs are treated as product costs under both absorption and variable costing. II. Absorption costing treats all manufacturing costs as product costs
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