2. Prepare a variable-costing income statement. Round the unit cost to five decimal places, when required....
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2. Prepare a variable-costing income statement. Round the unit cost to five decimal places, when required. Round your final answers to the nearest dollar. Use the rounded values in subsequent computations. Snobegon, Inc. Variable-Costing Income Statement For the First Year of Operations Sales Less: Variable cost of goods sold Contribution margin Less: Fixed overhead Fixed selling and administrative expenses Operating income 764,000 515,109 X 248,891 X A What is the difference between the two income figures? 2. Prepare a variable-costing income statement. Round the unit cost to five decimal places, when required. Round your final answers to the nearest dollar. Use the rounded values in subsequent computations. Snobegon, Inc. Variable-Costing Income Statement For the First Year of Operations Sales Less: Variable cost of goods sold Contribution margin Less: Fixed overhead Fixed selling and administrative expenses Operating income 764,000 515,109 X 248,891 X A What is the difference between the two income figures?
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