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can you help with the missing parts, and explain how Hayek Furnaces prepares the income statement under variable costing for its managerial reports, and it
can you help with the missing parts, and explain how
Hayek Furnaces prepares the income statement under variable costing for its managerial reports, and it prepares the income statement under absorption costing for external reporting. For its first month of operations, 375 furnaces were produced and 225 were sold; this left 150 furnaces in ending inventory. The income statement information under variable costing follows. Prepare this company's income statement for its first month of operations under absorption costing. (Round your intermediate calculations to the nearest whole dollar.)Step by Step Solution
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