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  3. 3.the key difference between a variable and an abs

3.The key difference between a variable and an absorption costing income statement is that an...

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Accounting

3.The key difference between a variable and an absorption costing income statement is that an absorption costing income statement
reports contribution margin, while a variable costing income statement reports gross margin
reports costs by function, while a variable costing income statement reports costs based on behavior
includes fixed and variable costs while only variable costs are included on a varlable costing income statement
includes fixed and variable production costs as inventoriable, while a variable costing income statement includes both variable production and variable selling and administrative costs as inventoriable
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