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Munn Bicycle Company manufactures bicycles specifically for college campuses. The bicycles sell for $100 and are very sturdy, with built-in saddlebags on the rear designed to carry backpacks. Selected

Munn Bicycle Company manufactures bicycles specifically for college campuses. The bicycles sell for $100 and are very sturdy, with built-in saddlebags on the rear designed to carry backpacks. Selected data for last year's operations are as follows:Required:HideA. Prepare income statement using variable costing method.Prepare an income statement using the Absorption costing method. Enter all amounts as positive numbers.

Jun 12 2021 View more View Less

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