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Required: a. Prepare an income statement according to the absorption costing concept for June.* b. Prepare an income statement according to the variable costing concept
Required: a. Prepare an income statement according to the absorption costing concept for June.* b. Prepare an income statement according to the variable costing concept for June.* c. What is the reason for the difference in the amount of income from operations reported in (a) and (b)
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