Question: Prepare a variable costing income statement, assuming that the fixed manufacturing costs were $132,000 and the variable selling and administrative expenses were $115,200. Reconcile the

Prepare a variable costing income statement, assuming that the fixed manufacturing

Prepare a variable costing income statement, assuming that the fixed manufacturing costs were $132,000 and the variable selling and administrative expenses were $115,200. Reconcile the absorption costing income from operations of $1,656,000 with the variable costing income from operations determined in (a)

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