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: On All costs incurred have been recognized as expenses. OB. Fixed manufacturing costs have not been considered when calculating operating income. OC. A portion of this period's fixed manufacturing overhead is capitalized in the Finished Goods Inventory account OD. All selling and administrative expenses have been recorded as product costs. QUESTION 29 A firm started the month with 200 units in its Finished Goods Inventory. If the firm produced 600 units and sold 800 units during the month: OA. Its operating income will be the same as under variable costing and under absorption costing OB Its finished goods ending Inventory reported on the balance sheet will be higher under variable costing than under absorption costing oc its operating income for the period will be higher under variable costing than under absorption costing D. Its operating income for the period will be lower under variable costing than under absorption costing QUESTION 30 Indianapolis, Inc. started the month with no beginning inventories. During the month, the firm made 510 units, sold 500 of them, and collected the following data: Sales price $120 per unit Direct materials $19 per unit Direct labor $15 per unit Variable MOH $9 per unit Fixed MOH $16,000 per month Variable selling and admin. costs $10 per unit Fixed selling and admin. costs $12,100 per unit What is the firm's operating income using absorption costing? (Round any intermediate calculations to the nearest cent. and your final answer to the nearest dollar.) O A $11,171 B. $5.715 OC. $6,600 D$19.015