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if you could include the calculations for each answer that would be greatly appreciated Ch 21- HW Variable and Absorption Costing The following data were
if you could include the calculations for each answer that would be greatly appreciated
Ch 21- HW Variable and Absorption Costing The following data were adapted from a recent income statement of Ansara Company for the year ended December 31: Sales Cost of goods sold Selling, administrative, and other expenses (in millions) $20,910 $(17,770) (1,880) $(19,650) $1,260 Total expenses Operating income > Assume that $4,550 million of cost of goods sold and $1,040 million of selling, administrative, and other expenses were fixed costs. Inventories at the beginning and end of the year were as follows: Beginning inventory $2,480 Ending inventory $2,900 Also, assume that 20% of the beginning and ending inventories were fixed costs. a. Prepare an income statement according to the variable costing concept for Ansara Company. Round numbers to nearest million. Ansara Company Variable Costing Income Statement (assumed) For the Year Ended December 31 Variable cost of goods sold: Check My Work 2 more Check My Work uses remaining Previous Next Assignment Soort Step by Step Solution
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