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 preferred method over variable costing? 4. Explain when variable costing is a preferred method over absorption costing? Prepare an income statement for 2017 under absorption costing Prepare an income statement for 2017 under variable costing Explain when absorption costing is a preferred method over variable costing? Explain when variable costing is a preferred method over absorption costing? Zbest MFG Zbest MFG Income Statement (Absorption Costing). For the Year Ended December 31, 2017 Income Statement (Variable Costing) For the Year Ended December 31, 2017 COGS A1 Sc 2Best Mig. reports the following data 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 preferred method over variable costing? 4. Explain when variable costing is a preferred method over absorption costing? 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 preferred method over variable costing? 4. Explain when variable costing is a preferred method over absorption costing? - fe zBest Mig. reports the following data for 2017 : A c. D E F 6 H coGs