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Tesla, Inc. produces 20,000 units, incurring variable production costs of $10 per unit and fixed production costs of $100,000. Selling price is $30 per unit.

Tesla, Inc. produces 20,000 units, incurring variable production costs of $10 per unit and fixed production costs of $100,000. Selling price is $30 per unit. Prepare income statements under variable and absorption costing.

Cost Component

Variable Costing

Revenue


Variable Production


Fixed Production


Total Costs


Net Income


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