Question: 9-24 Variable and absorption costing, sales, and operating-income changes. Helmetsmart, a threeyear- old company, has been producing and selling a single type of bicycle helmet.

9-24 Variable and absorption costing, sales, and operating-income changes. Helmetsmart, a threeyear- old company, has been producing and selling a single type of bicycle helmet. Helmetsmart uses standard costing. After reviewing the income statements for the first three years, Stuart Weil, president of Helmetsmart, commented,

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