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please see screenshots Income Sratements under Abtoretion Cetsilig and Variable Costing follosing data nummarze the cesults for July? If recuined, found interim per-uft calculations to
please see screenshots
Income Sratements under Abtoretion Cetsilig and Variable Costing follosing data nummarze the cesults for July? If recuined, found interim per-uft calculations to the tiearest cant. 4. Prepare an ancome atabenent according to the absorption watirip concept. Gallatin Counfy Motors Inc. Absorption Costing Incomen Statement For the Month Ended July 31 a. Prepare an income statement according to the absorption costing concept. Gallatin County Motors Inc. Alicornedio. th. Frepare ari income statement according to stan vieiatie cosino concept. Ciallatie County Motors Inc. Variable Costiene Inconee Statemano b. Prepare an incoime statment aconriting to the varable coating caincept. c. What is the reasen for the diderence in the amboit of operating incorme repoited in (a) and (b) ? Hnder the method, the fined maridacturing cost induded en ve cost of goods soll a inatetred with the reveriet. Under income statenseit aill bive a higher operafing income Income Sratements under Abtoretion Cetsilig and Variable Costing follosing data nummarze the cesults for July? If recuined, found interim per-uft calculations to the tiearest cant. 4. Prepare an ancome atabenent according to the absorption watirip concept. Gallatin Counfy Motors Inc. Absorption Costing Incomen Statement For the Month Ended July 31 a. Prepare an income statement according to the absorption costing concept. Gallatin County Motors Inc. Alicornedio. th. Frepare ari income statement according to stan vieiatie cosino concept. Ciallatie County Motors Inc. Variable Costiene Inconee Statemano b. Prepare an incoime statment aconriting to the varable coating caincept. c. What is the reasen for the diderence in the amboit of operating incorme repoited in (a) and (b) ? Hnder the method, the fined maridacturing cost induded en ve cost of goods soll a inatetred with the reveriet. Under income statenseit aill bive a higher operafing income Step by Step Solution
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