1. What happens if production exceeds units sold? (I point) A lower operating income will result under an absorption costing income statemernt The same operating income will result under both a variable costing and absorption costing income statement A higher operating income will result under an absorption costing income statement 2. What will a decrease in inventory cause? (l point) the same operating income under both a variable costing and absorption costing income statement O a lower operating income under a variable costing income statement O a higher operating income under an absorption costing income statement a higher operating income under a variable costing income statement 3. Which of the following is a fixed cost? ( point) direct materials depreciation sales 4. If increases by 15 percent, then total variable costs will likely ( point) increase by 7.5 percent. increase by 15 percent. decrease by 15 percent remain the same 5. Total fixed costs will (I point) remain the same as production levels change decrease as production increases decrease as production decreases