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On October 31,the End of the First Month of Operations,Morristown

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On October 31,the end of the first month of operations,Morristown & Co.prepared the following income statement based on absorption costing:
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On October 31,the end of the first month of operations,Morristown & Co.prepared the following income statement based on absorption costing: ​ If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600,prepare an income statement using variable costing. If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600,prepare an income statement using variable costing.

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