Question: Please prepare a formal income statement using variable costing for the following. On October 31. the end of the first month of operations. Morristown &

Please prepare a formal income statement using variable costing for the following.

On October 31. the end of the first month of operations. Morristown & Co. prepared the following income statement based on absorption costing: If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600. prepare an income statement using variable costing

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