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(a) Briefly explain the MAIN difference between variable costing and absorption costing in terms of the treatment of costs in the financial statements. (b) Explain

(a) Briefly explain the MAIN difference between variable costing and absorption

costing in terms of the treatment of costs in the financial statements.

(b) Explain why the variable costing income measurement approach would be

attractive to a manager who is interested in projecting her firm's future profit

performance.

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