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Cutting Edge Corp.produces sporting equipment. In 2019. the first year of operations, Cutting Edge produced 25.000 units and sold 22.000 units in 2020, the production

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Cutting Edge Corp.produces sporting equipment. In 2019. the first year of operations, Cutting Edge produced 25.000 units and sold 22.000 units in 2020, the production and sales results were exactly reversed. In each year, selling price was $100. variable manufacturing costs were 540 per unit, variable selling expenses were per unit, fixed manufacturing costs were $550,000, and fied administrative expenses were $200.000 Reconcile the differences each year in income from operations under the two costing approaches, 2019 2020 Variable costing income Fixed manufacturing costs deferred/(expensed) under absorption costing Absorption costing income S

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