Question: When does absorption costing net operating income and variable costing net operating income require reconciliation? Explain different situations with appropriate reasons behind such changes.

When does absorption costing net operating income and variable costing net operating income require reconciliation? Explain different situations with appropriate reasons behind such changes.

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When does absorption costing net operating income and variable costing net operating income require reconciliation? Explain different situations with appropriate reasons behind such changes.*

When does absorption costing net operating income and variable costing net operating income require reconciliation? Explain briefly different situations with appropriate reasons behind such changes.

1. When does absorption costing net operating income and variable costing net operating income require reconciliation? Explain different situations with appropriate reasons behind such changes. [10]

2.When does absorption costing net operating income and variable costing net operating income require reconciliation? Explain different situations with appropriate reasons behind such changes.

When does absorption costing net operating income and variable costing net operating income require reconciliation? Explain different situations with appropriate reasons behind such changes

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