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Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3A Req 3B Prepare operating income statements
Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3A Req 3B Prepare operating income statements for Chataqua Can Company for its first three years of operations using absorption costing. Year 1 Year 2 Year 3 Selling and Administrative Expenses \fComplete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3A Req 3B Reconcile Chataqua Can Company's operating income reported under absorption and variable costing for each of its first three years of operation. Use the shortcut method. Year Difference in fixed Change in inventory Predetermined fixed overhead expensed X = (in units) overhead rate under absorption and variable costing N 3 Complete this question by entering your answers in the tabs below. Req 1A Req 1E: Req 2 Suppose that during Chataqua's fourth year of operation actual production equals planned production, actual costs are as expected, and the company ends the year with no inventory on hand. What will be the difference between absorptioncosting income and variable-costing income in year 4?
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