1 ZBest Mfg. reports the following dota for 2017: 1.Prepare an income statement for 2017 under absorption costing 2.Prepare an income statement for 2017 under variable costing 3. Explain when absorption costing is a preforred mothod over variable costing? 4. Explain when variable costing is a preferred method over absorption costing? Zbest MFG Zbest MFG Income Statement (Absorption Costing) Income Statement (Variable Costing) For the Year Ended Docember 31, 2017 For the Yoar Ended December 31, 2017