in 2019 the company produced 200000 unit and sold 160000 units at a price of $175 per unit . there was no beginning inventory in 2019

in 2020 the company made 140000 units and sold 180000 units at a price of $175 selling and administrative expenses were all fixed at 700000 each year

required

a. prepare income statements for each year using absorption costing

b. prepare combined income statement for each year using variable costing

c. why the income was different each year using the two methods show computations

Answer rating: 100% (QA)

a Income Statements for Each Year using Absorption Costing For 2019 Sales Revenue 28000000 160000 units 175 per unit Cost of Goods Sold 22400000 20000... View the full answer