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Refer to the prior problem. The firm informs you that inventory values under absorption costing decreased by $39,000. Compute (Income as reported under variable costing
Refer to the prior problem. The firm informs you that inventory values under absorption costing decreased by $39,000. Compute (Income as reported under variable costing - Income as reported under absorption costing), noting that it is change in FMOH between the opening and closing inventory accounts
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