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Svenborg AS manufactures and sells widescreen television sets. It uses an actual costing system, in which unit costs are calculated on a monthly basis. Data

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Svenborg AS manufactures and sells widescreen television sets. It uses an actual costing system, in which unit costs are calculated on a monthly basis. Data relating to January, February and March of 2011 are: Required 1 Present income statements for Svenborg in January, February and March of 2011 under (a) variable costing and (b) absorption costing. 2 Explain any differences between (a) and (b) for January, February and March

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