Question: Variable and Absorption Costing The following data were adapted from a recent income statement of Caterpillar Inc. ( CAT ) for the year ended December

Variable and Absorption Costing
The following data were adapted from a recent income statement of Caterpillar Inc. (CAT) for the year ended December 31:
\table[[Sales,(in millions)],[Cost of goods sold,$41,748
Variable and Absorption Costing The following data were adapted from a

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