1. After you have completed the assigned reading for this module, download this worksheet. The worksheet contains information about Ace Manufacturing and a template for creating Aces income statements. Complete this assignment by completing the following elements on the worksheet: Variable Costing Contribution Form Income Statement Absorption Costing Unit Product Cost Absorption Costing Income Statement Essay explaining the difference between the two costing methods.

Instructions Use the information below to prepare an income statement using both variable and absorption costing methods. You will need to complete "Absoprtion Costing Unit Product Cost" in order to complete both income statements. Be sure to fill in all empty boxes with the appropriate text or value. When you are done, answer the questions below