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Is variable costing income statement applicable and why

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Problem 1: Is variable costing income statement applicable to service operations? If so, provide a hypothetical example of variable costing income statements in a service operation. Explain your example in detail and provide in-text citations.

Problem 2: Explain the difference between variable costing and absorption costing income statements. Provide a hypothetical income statement in both formats in which the number of units sold is different than the number of units manufactured. Explain the contrast between the two formats.

Reference no: EM132709390

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