Absorption and variable costing methods on income statement
Question 1. What are the differences between absorption and variable costing methods on income statement presentation?Question 2. How are fixed costs treated under variable costing? How are they treated under absorption costing?
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Financial ratios are important to the understanding of the financial health of a company. You and your colleagues work for a financial services firm. Your are discussing the merits of the various financial ratios.
Required - what do you think happened at this company after it started the annual profit-sharing plan?
Question 1. What are the differences between absorption and variable costing methods on income statement presentation? Question 2. How are fixed costs treated under variable costing? How are they treated under absorption costing?
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Fasb statement no. is another example of the boards emphasis on the balance sheet as contrasted with the income statement . As treasurer of diamond instrument , you desire to maximize income over the short run
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