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Absorption and Variable Costing Income Statements 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the

image text in transcribedimage text in transcribed Absorption and Variable Costing Income Statements 1. Prepare an income statement based on the absorption costing concept. 2. Prepare an income statement based on the variable costing concept. YoSan Inc. Variable Costing Income Statement For the Month Ended July 31 Feedback Check My Work 3. Explain the reason for the difference in the amount of operating income reported in (1) and (2)

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