s) Generally speaking, net operating income under variable and absorption costing will: A) always be equal B) never be equal. C) be equal only when production and sales are equal. D) be equal only when production exceeds sales 49.) Higado Confectionery Corporation has a number of store locations throughout North America. In income statements segmented by store, which of the following would be considered a common fixed cost with respect. to the stores? A) store manager salaries B) store building depreciation expense C) the cost of corporate advertising aired during the Super Bowl D) cost of goods sold at each store 50.) The following are considered a product cost except: A) Direct Material B) Manufacturing Overhead C) Cost of Goods Sold D) Direct Labor *6 points extra credit*** On the top right of your scantron: 1) List the 3 vital activities for managerial accounting 2.) List 3 manufacturing costs