Under $100\%$ sales assumption, using absorption costing, the COGS is calculated by adding Direct Material $($DM$),$ Direct Labor $($DL$),$ and Fixed Overhead $($FOH$).$

True

False

Question $2.$

$1$ pts

Under $100\%$ sales assumption, using absorption costing, the SG&A is calculated by adding Fixed SG&A$,$ Variable SG&A$,$ and Fixed Overhead $($FOH$).$

True

False

Question $3$

$1$ pts

Under $75\%$ sales assumption, using absorption costing, the COGS is calculated by adding Direct Material $($DM$),$ Direct Labor $($DL$),$ Variable Overhead $($VOH$),$ and Fixed Overhead $($FOH$)$ multiply by $75\%.$

$$ True

$$ False