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Problem 4:
Using the information below, create an absorption income statement
Chapter 7	and a Variable income statement.
	Pleae show your work.
			Traditional Income Statement				Variable Income Statement
Beginning Units	0
Units Produced	9000
Units Sold	8000
Ending Units	1000
Sales Price	130
Direct Materials	25
Direct Labor	30
Variable Overhead	20
Variable SG&A	5
Fixed Overhead	180000
Fixed SG&A	75000