Prepare absorption and variable costing income statement

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Reference no: EM132752713

The records of VCR Company pertaining to 2014 operations showed the following information:

Sales 256,000

Variable manufacturing costs 96,000

Fixed manufacturing costs 64,000

Fixed selling and administrative 80,000

Actual production in units 10,000

Finished goods, end in units 2,000

Finished goods, beg. In units none

Problem 1: Prepare absorption and variable costing income statement.

Reference no: EM132752713

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