Wifi Apps has these costs associated with its production and sale of devices that allow visual communications between cell phones:

Prepare an income statement under both the absorption and variable costing methods along with a reconciliation between the two statements.

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Beginning inventory Units produced Units sold Selling price per unit Variable sales and administration expenses Fixed sales and administration expenses Direct material cost per unit Direct labor cost per unit Variable manufacturing overhead Cost per unit Fixed manufacturing overhead Cost per month $ $ $ $895,000 $ 23 15 4 LA LA LA $ 0 33,000 23,000 170 4 $ $858,000