Question 21 (1 point) Operating income reported under absorption costing will generally exceed operating income reported under variable costing for a given period in which of the following cases? If the variable manufacturing overhead exceeds the fixed manufacturing overhead. If production exceeds sales for that period. None of the options provided are correct. If production equals sales for that period. If sales exceed production for that period. w wwwwwwwwwwwwwwwwwwww wwwwwww Question 22 (1 point) The term "gross margin" for a manufacturing company refers to the excess of sales over which of the following? wel Variable costs, excluding variable selling and administrative expenses. None of the options provided are correct. Cost of goods sold, excluding fixed manufacturing overhead. lumme overhead Cost of goods sold, including fixed manufacturing overhead. All variable costs, includ All variable costs, including variable selling and administrative expenses. Question 23 (1 point) The cost of rent for a manufacturing plant is normally classified as: Both a prime cost and product cost. Neither a product nor prime Cost. A prime cost but not a product cost. wwww w None of the options provided are correct. A product cost but not a prime cost. Question 24 (1 point) The break-even in units sold will decrease if there is an increase in which of the following? Unit sales volume. None of the options provided are correc Total fixed expenses. Unit variable expenses. Selling price