Question: 4.5 pts Question 25 Consider the following comments about absorption and variable costing income statements: 1. A variable costing income statement discloses a firm's contribution
4.5 pts Question 25 Consider the following comments about absorption and variable costing income statements: 1. A variable costing income statement discloses a firm's contribution margin. II. Cost of goods sold on an absorption costing income statement includes some fixed costs. II. The amount of variable selling and administrative cost is the same on absorption and variable costing income statements. Which of the above statements is (are) true? ll only I only landi OLII and I Il and in 4.5 pts Question 26 Zach's Retail Store started operations on June 1. For purposes of budget preparation, assume the
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