Question: If your formulas are correct, you should get the correct answers to the following questions. (a) What is the net operating income (loss) in Year

If your formulas are correct, you should get the correct answers

If your formulas are correct, you should get the correct answers to the following questions.

(a) What is the net operating income (loss) in Year 1 under absorption costing?

(b) What is the net operating income (loss) in Year 2 under absorption costing?

(c) What is the net operating income (loss) in Year 1 under variable costing?

(d) What is the net operating income (loss) in Year 2 under variable costing?

2. Change all of the numbers in the data area of your worksheet so that it looks like this

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