The cost of manufactured products consists of direct materials, direct labor, and factory overhead. The reporting of all these costs in financial statements is called

a$.$ full disclosure.

b$.$ absorption costing.

c$.$ variable costing.

d$.$ None of these choices are correct.

If units sold are less than units manufactured, then

a$.$ variable costing income will greater than absorption costing income.

b$.$ variable costing income will be less than absorption costing income.

c$.$ variable costing income will be equal to absorption costing income.

d$.$ None of these choices are correct.