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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?