Question: True and false 7. In variable costing, fixed costs do not become part of the cost of goods manufactured under the absorption costing concept. 8.

True and false

7. In variable costing, fixed costs do not become part of the cost of goods manufactured under the absorption costing concept.

8. Variable costing is also known as direct costing.

9. Property taxes on a factory building would be included as part of the cost of products manufactured under the absorption costing concept.

10. The factory superintendents salary would b include as part of the cost of products manufactured under the variable costing concept.

11.The factory superintendents salary would be include as part of the cost of products manufactured under the absorption costing concept

12. Electricity purchased to operate factory machinery would be included as part of the cost of products manufactured under the absorption costing concept.

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