9:41 Which of the following statements is true? 1. The absorption costing approach to cost-plus pricing will result in attaining the company's required rate of return only If forecasted unit sales are realized. 2 Variable selling and administrative costs are excluded from the cost base used to set a selling price under the absorption approach to cost-plus pricing described in the text. 3. The markup over cost under the absorption costing approach would decrease if the unit product cost Increases, holding everything else constant. 4. In the absorption approach to cost-plus pricing, the anticipated markup in dollars is equal to the anticipated profit. Multiple Choice Both statements 1 and 2 are true. Both statements 2 and 3 are true. Statements 1, 2 and 3 are true. All of the statements are true.

Which of the following striements is true? 2 Vartable selling and administratve costs arp excluded from the cost base used to set a seling price under the abcorption appeosch so cost plus pnocing described in the text vispi-crot. Elom tatementa 1 and 2 are true. Boen statements 2 and 3 are true. Statementh 12 and 3 are bue Ail of the statemeits are true