Discussion Post
1) Provide income statements in both variable costing and absorption costing formats for an initial period and its successive period in a case where all manufactured products within the two periods are sold by the end of the second period, but the number of units sold in the first period is less than the number of units manufactured in this period.
2) What is the interesting observation in comparing the two types of income statements?
3) Explain your example in detail and provide in-text citations.
4) Explain your work in detail and provide in-text citations.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.