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please show all work and answer a and b Income Statements under Absorption and Variable Costing Shawnee Motors tnc. astembles and selis MP3 players. The

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Income Statements under Absorption and Variable Costing Shawnee Motors tnc. astembles and selis MP3 players. The company began operations on August 1 and operated at 10006 of capacity during the first month. The following data summarize the resuits for August: If required, round interim perounit calculations to the nearest cont. a. Prepare an income statement according to the absorption costing concept. b. Prepare an income statement according to the variable costing concept

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