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2. Happy Wheels has this information for its manufacturing: Its income statement under absorption costing is: a. Prepare an income statement according to the variable

2. Happy Wheels has this information for its manufacturing: Its income statement under absorption costing is: a. Prepare an income statement according to the variable costing concept. b. If Happy Wheels reduced its inventories during the period, what impact would that have on the income from operations determined under absorption costing

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