Question: Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statement under absorption costing for external reporting.

Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statement
under absorption costing for external reporting. For its first month of operations, 350 bikes were produced and 225 were sold. Income
statement information under variable costing follows.
Prepare the company's income statement under absorption costing.
Hayek Bikes prepares the income statement under variable costing for its

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