Question: Refer to the Sportade example in Appendix 6A and the data and your answer to S6-16. 1. Prepare the April income statement under absorption costing.

Refer to the Sportade example in Appendix 6A and the data and your answer to S6-16.
1. Prepare the April income statement under absorption costing.
2. Is absorption costing income higher or lower than variable costing income? Explain.
3. Reconcile the difference between the absorption costing income statement and the variable costing income statement.

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