Financial and Managerial Accounting: Information for Decisions
Financial and Managerial Accounting: Information for Decisions
6th Edition
ISBN: 9780078025761
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
Question
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Chapter 19, Problem 11QS

1.

To determine

To prepare: absorption costing income statement from variable costing income statement under the sale of 50,000 units from the production of 80,000 units.

2.

To determine

the reason of difference in net income under variable costing and absorption costing.

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