Which of the following statements is tru Multiple Choice Under absorption costing some fixed manufacturing costs are deferred in ending inventory if production is lower than sales When production and sales are equal, net income will be greater under variable costing than it absorption costing. will be under ted with inventory produced are expensed Under absorption costing only the fixed manufacturing cost associa Under of when the inventory is sold variable costing fixed manufacturing costs are expensed in the period in which they are incurred regardless