Prepare an income statement to determine cost approach

Reference no: EM134921

Main Task: Prepare an Income Statement to determine Cost Approaches

In this activity you will prepare one of the most use financial statements in business, the Income Statement. Arrange an answer to problem, using Microsoft Excel where you will prepare income statements using absorption and variable costing. Upon completion of the problem, assess the advantages and disadvantages of each approach (absorption and variable costing) for reporting earnings in a paper.

Support your paper with a minimum of five scholarly resources. In addition to these specified resources, other suitable scholarly resources, including older articles, may be included.

Length: 5-7 pages not including title and reference pages

Your submittal should show thoughtful consideration of the ideas and concepts that are presented in the course and give new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards where suitable.

Reference no: EM134921

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