Question: When production exceeds sales, the net income reported under absorption costing generally will be: less than net income reported under variable costing. greater than net

When production exceeds sales, the net income reported under absorption costing generally will be:

less than net income reported under variable costing.
greater than net income reported under variable costing.
equal to net income reported under variable costing.
higher or lower because no generalization can be made.

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