choose the correct alternative from the following 621636

Choose the correct alternative from the following:

1. Absorption Costing is also called: (i) Variable Costing; (ii) Marginal Costing; (iii) Total Costing.
2. Under Absorption Costing, the Closing Stock is valued at: (i) Total Cost; (ii) Variable Cost; (iii) Fixed Cost.
3. Marginal Cost is nothing but: (i) Fixed Cost; (ii) Total Cost; (iii) Variable Cost.
4. In Absorption Costing, the unit Product Cost includes: (i) Total Cost; (ii) Variable Cost only; (iii) Fixed Cost only.
5. Fixed Costs are recovered from contribution under: (i) Absorption Costing; (ii) Variable Costing; (iii) None of these.
6. Costs are classified according to their functional elements under: (i) Absorption Costing; (ii) Variable Costing; (iii) None of these.
7. Unit Product Cost remains constant at different levels of output under: (i) Absorption Costing; (ii) Variable Costing; (iii) None of these.
8. Profit becomes a function of production instead of sales under: (i) Absorption Costing; (ii) Variable Costing; (iii) None of these.