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Income Statements, Variable and Absorption Costing The following information pertains to Vladamir, Inc., for last year: There are no work-in-process inventories. Normal activity is 100,000

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Income Statements, Variable and Absorption Costing The following information pertains to Vladamir, Inc., for last year: There are no work-in-process inventories. Normal activity is 100,000 units. Expected and actual overhead costs are the same. Costs have not changed from one year to the next. Required: 1. How many units are in ending inventory? units 2. Without preparing an income statement, indicate what the difference will be between variable-costing income and absorption-costing income. $ 3a. Assume the selling price per unit is $30. Prepare an income statement using variable costing. 3b. Assume the selling price per unit is $30. Prepare an income statement using absorption costing. Vladamir, Inc. Absorption-Costing Income Statement 3b. Assume the selling price per unit is $30. Prepare an income statement using absorption costing. Income Statements, Variable and Absorption Costing The following information pertains to Vladamir, Inc., for last year: There are no work-in-process inventories. Normal activity is 100,000 units. Expected and actual overhead costs are the same. Costs have not changed from one year to the next. Required: 1. How many units are in ending inventory? units 2. Without preparing an income statement, indicate what the difference will be between variable-costing income and absorption-costing income. $ 3a. Assume the selling price per unit is $30. Prepare an income statement using variable costing. 3b. Assume the selling price per unit is $30. Prepare an income statement using absorption costing. Vladamir, Inc. Absorption-Costing Income Statement 3b. Assume the selling price per unit is $30. Prepare an income statement using absorption costing

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