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1) Describe the advantages and disadvantages of a variable costing income statement. 2) Describe the advantages and disadvantages of an absorption costing income statement. 3)

1) Describe the advantages and disadvantages of a variable costing income statement.

2) Describe the advantages and disadvantages of an absorption costing income statement.

3) Describe the purpose of sales mix analysis.

4) Describe the purpose of volume variance analysis.

5) Describe the purpose of sales territory profitability analysis.

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