Question: b. Prepare an income statement based on varlable costing. number, when applicable. C. Assiame that you must decide quidy whecher to accept a specal one-sime


b. Prepare an income statement based on varlable costing. number, when applicable. C. Assiame that you must decide quidy whecher to accept a specal one-sime order for 1.000 unes for 575 perune Which income statement presents the most relevant datal Determine the apparent profit or loss on the special order bated soiety on these data c. Assume that you must decide quickly whether to accept a special one-time order for 1,000 units for 575 per unit: Which income statement presents the most relevant datai Determine the apparent profit or loss on the special order based solely on these data. Use a negative sign with your answer if the special order creates an apparent loss. Round answer to the nearest whole number. d. If the ending inventory is destroyed by fire, which costing approach would you use as a basis for filing an insurance claim for the fire loss? Why? Select the most appropriate statement. Absorption costing approach because the cost should include a reasonable portion of fixed manufacturing costs. lariable costing approach because the cost should include a reasonable portion of fixed manufacturing costs. Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Gorman Products, Inc, are as follows: a. Prepare an income statement based on full absorption costing. Only use a negative sign with your answer for net injome (loss). if the answer represents a necloss, Otherwise, do not use negative signs with any answer. Round. number when applicable
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