Below is data for Bravo Inc. in September and October of 2000. Bravo Inc. uses...
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Accounting
Below is data for Bravo Inc. in September and October of 2000. Bravo Inc. uses a FIFQ cost assumption September October 90 100 Sales in units Production in units Sales price per unit $20 Var Prod cost/unit Fixed Prod cost Var Period cost/unit$3.00 Fixed Period cost 105 10 $20 $4.25 $130 $3.15 $200 $4.00 $110 $175 REQUIRED - You are to compute income under absorption costing and variable costing. In addition, "justify" or explain any differences
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