Question: 6 . Variable and absorption costing The following data were adapted from a recent income statement of Caterpillar Inc. ( CAT ) for the year

6 .

Variable and absorption costing

The following data were adapted from a recent income statement of Caterpillar Inc.

(

CAT

)

for the year ended December

31

.

Prepare an income statement according to the variable costing concept for Caterpillar Inc. Round numbers to nearest million.

.

Explain the difference between the amount of operating income reported under the absorption costing and variable costing concepts. Round numbers to nearest million

6 . Variable and absorption costing The following

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