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A company reported the following information for its first year of operations: Units produced 4 , 7 0 0 Units sold 3 , 7 6
A company reported the following information for its first year of operations:
Units produced
Units sold
Unit sales price $
Direct materials per unit
Direct labor per unit
Variable manufacturing overhead per unit
Fixed manufacturing overhead
Variable selling expenses per unit
Fixed selling and administrative expenses
Required:
Prepare a full absorption costing income statement.
Prepare a variable costing income statement.
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