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(Solved by Expert Tutors) Income Statements under?Absorption?and?Variable CostingBeach Motor


Beach Motors Inc. assembles and sells Dune Buggy

engines. The company began operations on July 1, 2014, and operated at 100% of capacity during the first month. The following data summarize the results for July:



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a. ?Prepare an income statement according to the absorption costing concept. Enter all amounts as positive numbers.



?Beach Motors Inc.?
?Absorption Costing Income Statement?
?For the Month Ended July 31, 2014?
? ?
$??
? ?
??
? ?
$??
? ?
??
? ?
$??

?



Hide Hint(s)?

b. ?Prepare an income statement according to the variable costing concept. Enter all amounts as positive numbers.



?Beach Motors Inc.?
?Variable Costing Income Statement?
?For the Month Ended July 31, 2014?
? ?
$??
? ?
??
? ?
$??
? ?
??
? ?
$??
?Fixed costs:?
? ?
$??
? ?
??
??
? ?
$??


 


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DATE ANSWERED

Apr 19, 2020

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