What is the interesting observation in comparing the two types of income statements?
PLEASE write the highlighted sections clearly in your work
● 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
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sold in the first period is less than the number of units manufactured in this period.
● What is the interesting observation in comparing the two types of income statements?
● Explain your example in detail and provide in-text citations.
● Please explain your work in detail and provide in-text citations.
● Include the initial situation and the initial assumptions in your answer.
