11. Net operating income reported under absorption costing will exceed net operating income reported under variable costing for a given period if: A. Sales exceed production B. Production exceeds sales 12. Net operating income reported under variable costing will exceed net operating income reported under absorption costing for a given period if: A. Sales exceed production B. Production exceeds sales 13. What are the objectives of budgeting? A. To communicate management's plans throughout the entire organization. B. To provide a means of allocating resources to those parts of the organization where they can be used most effectively. C. To uncover potential bottlenecks before they occur. D. All of the above