Question: Prepare a 2012 income statement through gross profit for Young Company using the variance data in Practice Exercise 22-1B, 22-2B, 22-3B, and 22-4B. Assume Young

Prepare a 2012 income statement through gross profit for Young Company using the variance data in Practice Exercise 22-1B, 22-2B, 22-3B, and 22-4B. Assume Young sold 500 units at $ 82 per unit.

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