ACC 213

T/F: Under variable costing, only variable production costs are treated as product costs. - ANSWER True T/F: Under variable costing, variable selling and administrative costs are included in product costs. - ANSWER False T/F: Absorption costing treats all manufacturing costs as product costs. - ANSWER True T/F: In the preparation of financial statements using variable costing, fixed manufacturing overhead is treated as a period cost. - ANSWER True T/F: Absorption costing treats fixed man...