Which of the following statements is correct regarding net operating incomes reported on an Absorption Costing Income Statement and a Variable Costing Income Statement for a period? . It endine inventories are less than beginning inventories, then absorption costing net operating income is greater than varlable costing net operating income If beginning and ending inventories for the period are the same, absorption costing net operating income is different from variable costing net operating income of ending inventories are greater than beginning inventories, then absorption costing net operating income is greater than variable costing net operating income. If ending inventories are greater than beginning inventories, then absorption costing net operating income is less than variable costing net operating income Question 2 17.5 pt Which of the items below is not one of the four guiding principles for short-term decision making? Sunk costs are always irrelevant Identify what are relevant and irrelevant costs and benefits under each alternative Opportunity costs are relevant and need to be considered Total cost analysis: Focus on all the costs related to each alternative to be as accurate as possible What is true about binding constraints that a business faces? A binding constraint is the constraint that most limits a company's ability to increase profits. Because it is binding, a binding constraint is impossible to change A binding constraint is also known as a rubberneck Binding constraints can only be internal constraints, They cannot be external constraints