Question: Prepare an income statement for March using absorption costing. (9 marks) b) Reconcile the difference in income under absorption and variable costing and explain why

Prepare an income statement for March using absorption costing. (9 marks) b) Reconcile the difference in income under absorption and variable costing and explain why the difference arises. (3 marks) c) Which is a better method – absorption or variable costing – for evaluating management performance? Explain your recommendation. (4 marks)

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