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Income Statements under Absorption Costing and Variable Costing March: If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according
Income Statements under Absorption Costing and Variable Costing March: If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept. Crazy Mountain Sports Inc. Absorption Costing Income Statement For the Month Ended March 31 Line Item Description Amount $ b. Prepare an income statement according to the variable costing concept. Crazy Mountain Sports Inc. Variable Costing Income Statement b. Prepare an income statement acoording to the variable costing concept. Crazy Mountain Sports Inc. Varlable Costing Income Statement c. What is the reason for the difference in the amount of operating income reported in (a) and (b)? in the pei d, regardless of the amount of inventory change. Thus, when inventory increases, the income statement will have a higher operating income
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