Question: Net Income reported under variable costing will exceed net income reported under full costing during a given period when: Select one: a. The number of

Net Income reported under variable costing will exceed net income reported under full costing during a given period when:

Select one:

a. The number of units sold exceeds the number of units produced during the same period.

b. The number of units sold is equal to the number of units produced during the same period

c. The number of units produced exceeds the number of units sold.

d. Absorption costing will always produce the higher income because only the fixed costs associated with the units sold will be included in the cost of goods sold.

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