Grace Jones was just hired as an accounting intern at your company. Can you assist Grace and identify that profit will be the same under variable costing as under fuli absorption costing whenever Multiple Choice the number of units produced is the same as the number of units sold. the number of units produced is greater than the number of units sold variable costing is chosen for external reporting purposes the number of units produced is less than the number of units sold. Mling intern at your company. Can you assist Grace and identify which of the following statements is correct about the difference between contribution margin and gross margin Multiple Choice Contribution margin is the difference between sales revenue and cost of goods sold Contribution margin and gross marginare equivalent Gross margin is used for external reporting, while contribution margin is used for internal reporting Gross margin is the difference between sales revenue and variable costs Grace Jones was just hired as an accounting intern at your company. Can you assist Grace and identify the reporting method that includes in the cost of Inventory (and cost of goods sold) all product costs, including both foxed and variable costs is known as: Multiple Choice o total costing absorption costing direct costing variable costing