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Author Question: Ireland Corporation planned to be in operation for three years. During the first year, 2017, it had ... (Read 55 times)

Alainaaa8

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on: Mar 6, 2021
Ireland Corporation planned to be in operation for three years. 

∙  During the first year, 2017, it had no sales but incurred $240,000 in variable manufacturing expenses and $80,000 in fixed manufacturing expenses.
∙  In 2018, it sold half of the finished goods inventory from 2017 for $200,000 but it had no manufacturing costs.
∙  In 2019, it sold the remainder of the inventory for $240,000, had no manufacturing expenses and went out of business.
∙  Marketing and administrative expenses were fixed and totaled $40,000 each year. 

 Required: 
a.Prepare an income statement for each year using absorption costing.
b.Prepare an income statement for each year using variable costing. 
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Alainaaa8 on Mar 6, 2021

al

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Alainaaa8

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Reply 2 on: Mar 6, 2021
Excellent

bassamabas

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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