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QUESTION

Unit produced 1000 unit sold 700 total sales $7000 total costs production: variable $2000 and fixed $1800 Selling and administration:

Unit produced 1000

unit sold 700

total sales $7000

total costs

production: variable $2000 and fixed $1800

Selling and administration: variable $700 and fixed $2800

how can I prepare income statement using absorption costing and variable costing in this information?

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