Which of the following statements are fakse? The only reason that absorption costing income differs from variable costing income is that the methods account for fixed manufacturing overhead differently. An absorption costing income statement categorizes costs by function. Selling and administrative expenses amounts reported will be different on a variable costing income statement than on ah absorption costing income statement.All of these statements are false.

10 points Which of the following statements is (are) false?* The only reason that absorption costing income differs from variable costing income is that the methods account for fixed manufacturing overhead differently. An absorption costing income statement categorizes costs by function. Selling and administrative expenses amounts reported will be different on a variable costing income statement than on alabsorption costing income statement. All of these statements are false