PROBLEM 6-18 Variable Costing Income Statement; Reconciliation [LO2, LO3] During Denton Company's first...
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PROBLEM 6-18 Variable Costing Income Statement; Reconciliation [LO2, LO3] During Denton Company's first two years of operations, the company reported absorption costing net operating income as follows: The company's $34 unit product cost is computed as follows: Production and cost data for the two years are given below: Required: 1. Prepare a variable costing contribution format income statement for each year. 2. Reconcile the absorption costing and variable costing net operating income figures for each year
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PROBLEM 6-18 Variable Costing Income Statement; Reconciliation [LO2, LO3] During Denton Company's first two years of operations, the company reported absorption costing net operating income as follows: The company's $34 unit product cost is computed as follows: Production and cost data for the two years are given below: Required: 1. Prepare a variable costing contribution format income statement for each year. 2. Reconcile the absorption costing and variable costing net operating income figures for each year 