11 Zippy Petroleum Corp. developed bids for contracts with two potential clients. Zippy is now trying to decide which one of two contracts it will accept. The costs and revenues associated with each are listed below. Which of these are relevant for the selection of one contract over another? Ignore income taxes. Contract X Contract Y Contract Revenue 4 $200,000 $260,000 points Materials 10,000 10,000 Labor 88,000 120,000 01:47:38 Depreciation on equipment 8,000 10,000 Costs incurred for developing the bids 1,500 3,000 Allocated portion of overhead 5,000 3,000 Multiple Choice none of the above O contract revenue, labor and depreciation on equipment O contract revenue and labor O contract revenue, materials and labor