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Thank you in advance! ill like if correct :) ...

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Accounting

Thank you in advance! ill like if correct :) image
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Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and selis snowmobile engines. The company began operations on July 1 and operated at 100% of capacity durng the first mo The following data summarize the results for July: If required, round intenim per-unit calculatians to the nearest cent. a. Prepare an iffeome statement according to the absorpton costing concept. b. Prepare an income statement according to the variable costing concept. c. What is the reason for the diference in the amount of operating income reported in (a) and (b)? under the method, the fixed manufacturino cost included in the cost of ocods scid is matched with the revenues. Unde: income statement wili have a higher operating income

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