The EUP will be the same under FIFO method and weighted average methos if there is no beginning work in process inventory. In process costing the cost per unit in a department is found by spreading the period’s production costs over the production activity. Group of answer choices   Both statements are false. Only statement I is true. Only statement II is true. Both statements are true.

Variable costing is concerned with the variable costs and includes direct material, direct labor, and variable manufacturing overhead. The fixed manufacturing overhead is treated as a cost of the period under variable costing. Absorption costing uses the costs in variable costing and the per-unit cost of fixed manufacturing overhead. When inventory increases, the ending inventory includes a portion of the fixed manufacturing overhead in absorption costing. True / False

'Direct costs are treated differently under the ABC method than under the traditional full costing method.' Is the above statement true or false? A. True B. False

3.Activity based costing (ABC) is a method of allocating the indirect costs of sales commissions to products. A. true b. false