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Just the answers please without explanation and short answer for C. Thanks EX 20-2 Income statements under absorption costing and variable costing Shawnee Motors Inc.
Just the answers please without explanation and short answer for C. Thanks
EX 20-2 Income statements under absorption costing and variable costing Shawnee Motors Inc. assembles and sells snowmobile engines. The company be operations on August 1 and operated at 100% of capacity during the first month. The followin data summarize the results for August: Obj. 1 m O 600,000 Sales (2,000 units) Production costs (2,400 units): W $300,000 115,200 43,200 21,600 Direct materials Variable factory overhead Fixed factory overhead 480,000 Selling and administrative expenses: Variable selling and administrative expenses.... Fixed selling and administrative expenses....... 50,000 22,000 72,000 A. Prepare an income statement according to the absorption costing concept B. Prepare an income statement according to the variable costing concept. CWhat is the reason for the difference in the amount of income from operatic s reported in (A) and (B)Step by Step Solution
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