REMINDER: Your response will be graded for technical content and writing skills. Technical content will be evaluated for information that is helpful to the intended audience and clearly relevant to the issue. Writing skills will be evaluated for development, organization, and the appropriate expression of ideas in professional correspondence. Use an appropriate business format with a clear introduction, body, and conclusion. Do not convey information in the form of a table, bullet-point list, or other abbreviated presentation. Allpro Clubs is a start-up company that manufactures golf clubs. The owner of the company is upset because Allpro has reported losses for the last three quarters, despite increased production and the acquisition of new customers. The owner is worried about his ability to obtain additional financing. In reviewing the operating performance of Allpro, you notice that the company's income statement has been prepared using variable costing. You know that although the company is not required to use GAAP, the absorption costing method may be a better method for Allpro to use for financial reporting purposes. As the senior accountant, draft a memo to the owner explaining the differences between variable and absorption costing and how a change in methodology could impact the company's profitability. Type your communication in the response area below