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Using the information presented in E10-1 prepare a comparative income statements for March (a under absorption costing and b under variable costing The following data came from

Using the information presented in E10-1, prepare a comparative income statements for March (a) under absorption costing and (b) under variable costing. The following data came from the records for March: Direct materials................................... $200,000 Direct labor......................................... $100,000 Variable factory overhead.................... $80,000 Fixed factory overhead.........................$60,000 Selling and administrative expenese.....$40,000 Units produced.......................................25,000 Units sold...............................................20,000 Selling price per unit...................................$25 There were no beginning inventories and no ending work in process inventory.

Jun 19 2020 View more View Less

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