Net income under absorption costing is gross profit less A. cost of goods sold B. fixed manufacturing overhead and fixed selling and administrative expenses C. fixed manufacturing overhead and variable manufacturing overhead D. variable selling and administrative expenses and fixed selling and administrative expenses Net income under variable costing is contribution margin cost A. cost of goods sold B. fixed manufacturing overhead and fixed selling and administrative expenses C. fixed manufacturing overhead and variable manufacturing overhead D. variable selling and administrative expenses and fixed selling and administrative expenses Incremental analysis would not be appropriate for A. a make or buy decision B. an allocation of limited resource decision C. elimination of an unprofitable segment D. analysis of manufacturing variances Incremental analysis would be appropriate for A. acceptance of an order ar a special price B. a retain or replace equipment decision C. a sell or process further decision D. all of these