the predetermined rate is always more accurate It is impossible to ever calculate an actual rate 5 pts Question 29 Which of the following is true regarding a contribution approach income statement? it separates costs into their fixed and variable components and is only used for external reporting purposes it separates costs into product and period costs O it separates costs into their fixed and variable components and is used for internal decision making it contains a gross margin subtotal Question 30 5 pts Discretionary fixed costs represent organizational investments with a multiyear planning horizon and cannot be significantly reduced, even for short periods of time. True O False No new data to save. Last checked at 2:26pm Submit Qui