Allpro Clubs is a start-up company that manufactures golf clubs. The owner of the company is upset because Allpro has reported losses for the last three quarters, despite increased production and the acquisition of new customers. The owner is worried about his ability to obtain additional financing. In reviewing the operating performance of Allpro, you notice that the company's income statement has been prepared using variable costing. You know that although the company is not required to use GAAP, the absorption costing method may be a beter method for Allpro to useor fnancial reporting purposes. As the senior accountant, draft a memo to the owner explaining the diferences between variable and absorption costing and how a change in methodology could impact the company's profitability. REMINDER: Your response will be graded for both technical content and writing skills. Technical content will be evaluated for information that is helpful to the intended reader and clearly relevant to the issue. Writing skills will be evaluated for development, organization, and the appropriate expression of ideas in professional correspondence. Use a standard business memo or letter format with a clear beginning, middle, and end. Do not convey information in the form of a table, bullet point list, or other abbreviated presentation. Memorandum To: Subject Allpro Clubs Owner Absorption vs. Variable Costing