Assume that fixed manufacturing overhead incurred for the period totaled $500,000 and 10,000 units were produced. For that same period, 12,000 units were sold. Based on this information which of the following statements are true? Select All that apply.

1) The company will be selling inventory this period that was produced in a previous period.

2) Fixed manufacturing overhead expensed under absorption this period will include the full $500,000 incurred this period, plus the fixed manufacturing overhead that was deferred on each of the units you are selling this period that were produced last period.

3) Variable NOI will be lower than absorption NOI.