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Frankie's Co, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost...

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Accounting

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Frankie's Co, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this year follows Manufacturing costs Direct materials Direct labor Overhead costs for the year Variable overhead Pixed overhead Selling and Administrative costs for the year Variable Fixed Products and sales for the year Units produced Unit old sale price per unit 30 per unit 50 per unit $4,000,000 36,000,000 $750,000 14.750,000 100,000 units 10,000 units 160 pert 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing 3. Under what circumstances reported Income Identical under both absorption costing and variable conting? Complete this question by entering your answers in the tabs below. Required! Required 2 Required Prepare an income statement for the year using variable costing SIMS COMPANY Variable Costing Income Statement

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