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Porter Ltd began operations on 1 January, and achieved the following results for the year: Prepare an absorption costing income statement for porter Ltd. Prepare
Porter Ltd began operations on 1 January, and achieved the following results for the year: Prepare an absorption costing income statement for porter Ltd. Prepare a variable costing contribution margin statement for Porter Ltd. Reconcile the differences between the profits under the two statements by: (a) Identifying the areas where the statements differ. (b) Using the short-cut method
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