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Crary Mountain Sports inc. assembles and sels snowmotile engines. The compacy began operations on March 1 and operated as ioon of capucity during the first
Crary Mountain Sports inc. assembles and sels snowmotile engines. The compacy began operations on March 1 and operated as ioon of capucity during the first mont. The foliowing data summarue the iesules for March: Required: a. Prepere an mcome sastement accordng to the absappoun costing concent. b. Prepaye an income staterment according to ine viriable casting concepd. c. What is the itason for the ditleience in the amount of operaing income reported in () and (b) ? a. Prepare an income statement according to the absorption costing concept. Income Statement Instructioas
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