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Recuirements 4. Varatie coulh D. Afuophilivi costey equirement 1 . Prepare an income statement assuming VVJB uses variable costing. 1. (Use parentheses or a minus sign for an operating loss.) ond a. Variable costing. \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} b. Absorption costing. (Round all amounts to the nearest whole dollar.) - V/arimhlementinn Requirement 1. Prepare an income statement assuming VVJB uses variable costing. Complete the top half of the income statement first, then complete the bottom portion. B uses absorption costit Jlete the bottom portion. Adjustment for production-volume variance Contribution margin Cost of goods at standard cost Cost of goods sold Fixed manufacturing costs Fixed selling and administrative costs Gross margin Operating income (loss) Revenues Variable manufacturing costs Variable shipping costs Variable shipping costs Recuirements 4. Varatie coulh D. Afuophilivi costey equirement 1 . Prepare an income statement assuming VVJB uses variable costing. 1. (Use parentheses or a minus sign for an operating loss.) ond a. Variable costing. \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} b. Absorption costing. (Round all amounts to the nearest whole dollar.) - V/arimhlementinn Requirement 1. Prepare an income statement assuming VVJB uses variable costing. Complete the top half of the income statement first, then complete the bottom portion. B uses absorption costit Jlete the bottom portion. Adjustment for production-volume variance Contribution margin Cost of goods at standard cost Cost of goods sold Fixed manufacturing costs Fixed selling and administrative costs Gross margin Operating income (loss) Revenues Variable manufacturing costs Variable shipping costs Variable shipping costs