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Variable Costing - Absorption & Variable Costing Income Statements: ...Thanks! Prepare both conventional (absorption costing) and contribution margin (variable costing income statements for Rays for

Variable Costing -

Absorption & Variable Costing Income Statements:

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...Thanks!

Prepare both conventional (absorption costing) and contribution margin (variable costing income statements for Rays for the year. Which statement shows the higher operating income? why? Reconcile the difference between the two statements

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