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The following data were adapted from a recent income statement of Procter & Gamble Company. Assume that the variable amount of each category of operating

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The following data were adapted from a recent income statement of Procter & Gamble Company. Assume that the variable amount of each category of operating costs is as follows: Based on the data given, prepare a variable costing income statement for Procter & Gamble Company, assuming that the company maintained constant inventory levels during the period. Procter & Gamble reduced its inventories during the period, what impact would that have on the income from operations determined under absorption costing

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