65 What are the arguments in favor of treating fixed manufacturing overhead costs as period costs?

66 If the units produced and unit sales are equal, which method would you expect to show the higher net operating income, variable costing or absorption costing? Why?

68 If fixed manufacturing overhead costs are released from inventory under absorption costing, what does this tell you about the level of production in relation to the level of sales?

69 Under absorption costing, how is it possible to increase net operating income without increasing sales?