QUESTION 28 When a firm sells all of the units that it produced during a period, its operating income will be the same under absorption costing and variable costing because: A. Fixed manufacturing costs have not been considered when calculating operating income. B. All selling and administrative expenses have been recorded as product costs. C. All costs incurred have been recognized as expenses. D. A portion of this period's fixed manufacturing overhead is capitalized in the Finished Goods Inventory account. QUESTION 20 If the variable cost per unit increases while the sales price per unit and total fixed costs remain constant: A. The number of units needed to breakeven remains the same B. The contribution margin per unit increases C. The number of units needed to breakeven decreases D. The number of units needed to breakeven increases