For each of the statements below, use the dropdown box to select the response that completes the sentence correctly. Knowledge Check 01 When the units produced are equal to the units sold, net operating income computed using the absorption costing approach is the net operating income computed using the variable costing approach. Knowledge Check 01 Which of the following costing approaches is best suited for cost-volume-profit analysis? Absorption Normal Standard Variable Knowledge Check 01 The use of absorption costing for segmented income statements results in omission of upstream and downstream costs failure to trace costs directly inappropriate use of allocation base arbitrary division of common costs among segments