when setting objectives for where a firm would like to be in comparison to competitors what key area of objectives is being considered

Exercise 19-7 (Algo) Income reporting under absorption costing and variable costir Sims Company began operations on January 1 . Its cost and sales information farthin...-..--llow. 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using varlable costing