Using the information presented in E10-1, prepare comparative income statements for March (a) under absorption...
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Accounting
Using the information presented in E10-1, prepare comparative income statements for March (a) under absorption costing and (b) under variable costing.
| Direct Materials | $200,000 |
| Direct Labor. | $100,000 |
| Variable factory overhead.. | $80,000 |
| Fixed factory overhead... | $60,000 |
| Selling and administrative expenses | $40,000 |
| Units produced. | 25,000 |
| Units sold.. | 20,000 |
| Selling price per unit... | $25 |
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