1. Both fixed and variable factory costs are included as a part of cost of goods sold when accounting for absorption costing. 2. Both fixed and variable factory costs are included as a part of cost of goods sold when accounting for variable costing. that of absorption costing. 3. When units manufactured are less than the number of units sold, the variable costing income from operations will be a. less than b. greater than c. equal to d. None of these choices are correct