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Hayek Bikes prepares the Income statement under varlable costing for Its managerlal reports, and it prepares the income statement under absorption costing for external reporting.

image text in transcribed Hayek Bikes prepares the Income statement under varlable costing for Its managerlal reports, and it prepares the income statement under absorption costing for external reporting. For Its first month of operations, 400 blkes were produced and 240 were sold. Income statement Information under varlable costing follows. Prepare the company's Income statement under absorption costing

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