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On January 1 of the Current Year, Townsend Co

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On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January: On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. The following data summarized the results for January: (a) Prepare an income statement using absorption costing. (b) Prepare an income statement using variable costing.
(a) Prepare an income statement using absorption costing.
(b) Prepare an income statement using variable costing.

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