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How to prepare an absorption costing income statement

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Reference no: EM132570360

Stuart Manufacturing Company makes a product that sells for $74.30 per unit. Manufacturing costs for the product amount to $26.90 per unit variable, and $65,100 fixed. During the current accounting period, Stuart made 3,100 units of the product and sold 2,600 units. Selling and administrative expenses were zero.

Required

Question 1: Prepare an absorption costing income statement.

Question 2: Prepare a variable costing income statement.

Reference no: EM132570360

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