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Prepare Income Statement under Absorption Costing Method. Sales $ 250000 Direct Material $ 50000 Direct Labor $ 45000 Variable Manufacturing Overheads $ 35000 Variable Selling
Prepare Income Statement under Absorption Costing Method. Sales $ 250000 Direct Material $ 50000 Direct Labor $ 45000 Variable Manufacturing Overheads $ 35000 Variable Selling and Marketing Overheads $ 15000 Fixed Manufacturing Overheads $ 40000 Fixed Selling and Marketing Overheads $ 35000
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