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Q#1. Please review the following and prepare the income statements as requested. You are required...

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Accounting

Q#1. Please review the following and prepare the income statements as requested. You are required to respond to A, B and C.A. Prepare an income statement according to the absorption costing concept for June.
B. Prepare an income statement according to the variable costing concept for June.
C. What is the reason for the difference in the amount of income from operations reported in
(A) and (B)?
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