When analyzing the profitability of various product offerings, which of the following statements would be the proper reason for utilizing a particular costing approach?ANSWER UnselectedVariable costing should be used as fixed costs are not relevant to long$-$term pricing decisions.UnselectedAbsorption costing should be used to determine the product lines with the highest gross profit margins.UnselectedAbsorption costing should be used to determine the product lines with the lowest fixed costs.UnselectedVariable costing should be used to determine the product lines with the highest contribution margins.