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Data Concerning Sonderegger Company's Operations Last Year Appear Below

Question 1

Essay

Data concerning Sonderegger Company's operations last year appear below: Data concerning Sonderegger Company's operations last year appear below: Required: a. Prepare an income statement for the year using absorption costing. b. Prepare a contribution format income statement for the year using variable costing. c. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.
Required:
a. Prepare an income statement for the year using absorption costing.
b. Prepare a contribution format income statement for the year using variable costing.
c. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.

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