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Variable Costing Income Statement; Reconciliation [ LO2, L LO3] During Durton Comphany's first two years of operations, the company reported variable costing operating income as
Variable Costing Income Statement; Reconciliation [ LO2, L LO3] During Durton Comphany's first two years of operations, the company reported variable costing operating income as shown below, Production and cost data for the two years are given: The company's $20 unit product cost is computed as follows: Requined: 1. Prepare an absorption costing income statement for each year. 2. Reconcile the absorption costing and variable costing operating income figures for each year
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