5. Cost of goods sold on a conventional income statement includes: a) variable manufacturing costs only b) fixed manufacturing costs only c) marketing costs only d) fixed and variable manufacturing costs When units produced exceed units sold: a) absorption costing operating income will exceed variable costing operating 6. b) variable costing operating income will exceed absorption costing operating c) absorption costing operating income will equal variable costing operating d) unit variable costs decrease ESSAY income income income 7. Define and contrast a fixed cost, a mixed cost, and a variable cost, and give an example of each. Fixed Cost mixed Cos+ variable co