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Champion Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and
Champion Motors assembles and sells motor vehicles and uses standard costing. Actual data and variable costing and absorption costing income statements relating to April and May are as follows:
Click the icon to view the data.
Click the icon to view the variable costing income statements.
Click the icon to view the absorption costing income statements.
The variable manufacturing costs per unit of Champion Motors are as follows: Click the icon to view the variable manufacturing costs per unit.
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Requirement Prepare income statements for Champion Motors in April and May under throughput costing.
Begin by completing the top portion of the statement, then the bottom portion. Complete all input fields. Enter a for any zero amounts.
April
May
Revenues
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