120 Surved Help Save & Exit In the income statement of a manufacturing business with both variable and fixed overhead costs of production, if there are no beginning or ending inventories, comparing Absorption Costing to Variable Costing, which of the following statements is true? Multiple Choice Under Variable Costing.cost of goods sold will be lower and net income will be higher than under Absorption Costing There will be no differences in cost of goods sold and net income between the two methods Under Absorption Costing, cost of goods sold will be higher and net income will be higher than under Variable Costing Under Absorption Costing.cost of goods sold will be nigher than under Variable Costing de ENG O Multiple Choice Under Variable Costing.cost of goods sold will be lower and net income will be higher than under Absorption Costing 30-57 There will be no differences in cost of goods sold and net income between the two methods Under Absorption Costing cost of goods sold will be higher and net income wil be higher than under Variable Costing O Under Absorption Costing cost of goods sold will be higher than under Variable Costing Next > 24 of 30