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Please answer a & b. Please show how you got the answer. 2. On January 1 of the current year. Townsend Co. commenced operations. It

Please answer a & b. Please show how you got the answer.

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2. On January 1 of the current year. Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January: (a) Prepare an income statement using absorption costing. (b) Prepare an income statement using variable costing

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