Under variable costing fixed factory rent is treated as a(n)_______ .

	a.	period cost
	b.	product cost
	c.	administrative cost
	d.	inventoriable cost

Which of the following statements regarding manufacturing overhead allocation is false in a normal costing system?

	a.	Total budgeted manufacturing overhead costs are known at the beginning of the accounting period.
	b.	It includes all manufacturing costs that can be directly traced to a product or service.
	c.	Allocated amounts are credited to Manufacturing Overhead Allocated Control.
	d.	The costs can be grouped as a single or multiple indirect-cost pool(s).