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

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 III. 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? oll only I only land OLI and Ill ll and in 4.5 pts U Question 26 Torby Ptoll Store started onerations on June 1. For purposes of budget preparation, assume the

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