In Full Costing system only variable costs are charged to products, fixed costs are charged directly to income statement. True or False ?

Full Costing System  means Absorbtion costing system and as such both Variable Costs(VC) and Fixed Costs(FC) are taken into consideration for costing the products and services.  Under Marginal Costing system, VC are taken as Direct cost of the product and FC is taken the contribution-- a charge against the Gross Profit; i.e., charged to the income statement.  As such the initial answer to the question is  <FALSE>.

FALSE

False