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Variable Costing Income Statement: Requirement: Prepare an income statement using the variable costing method. Question: A company has fixed manufacturing costs of $50,000, variable manufacturing
·Variable Costing Income Statement:
- Requirement: Prepare an income statement using the variable costing method.
- Question: A company has fixed manufacturing costs of $50,000, variable manufacturing costs per unit of $8, and selling and administrative expenses of $20,000. If the company produced 10,000 units and sold 8,000 units, prepare a variable costing income statement.
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