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Asghar Manufacturing Company sells its products for Rs. 33 each. The current production level is 50,000 units, although only 40,000 units are anticipated to be

image text in transcribed Asghar Manufacturing Company sells its products for Rs. 33 each. The current production level is 50,000 units, although only 40,000 units are anticipated to be sold. Required: (a) Prepare an income statement using absorption costing. (b) Prepare an income statement using variable costing

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