True or False

e 28. If the units produced and unit sales are equal, variable costing and absorption costing net operating income would be a) Absorption net operating income is higher than variable net operating income b) Absorption net operating income is lower that variable net operating income c) Absorption costing and variable costing net operating income is the same. 29. If the units produced exceed unit sales, variable costing will show a net operating income than absorption costing. a) Higher b) lower c) the same 30. Under both costing methods, selling and administrative expenses are treated on the income statement as incurred. a) Expense b) Product cost c) Period cost e