For Product-Costing Purposes,which of the Following Statements Is True

Multiple Choice

For product-costing purposes,which of the following statements is true?

A) It is necessary to "unitize" fixed overhead costs,under the absorption or full-costing approach.
B) The amount of standard fixed overhead costs for product-costing and control purposes is the same.
C) Only standard variable overhead costs are included since these costs change in response to cost drivers.
D) Standard costing is not permissible under generally accepted accounting principles.
E) Total fixed overhead costs are applied as a "lump-sum" amount.