Prepare the budgeted income statement for the year using variable costing b. Prepare the budgeted income statement for the year using absorption costing. Budgeted fixed manufacturing overhead is allocated to the two bracelets using machine minutes.

Prepare the budgeted income statement for the year using variable costing b. Prepare the budgeted income statement for the year using absorption costing. Budgeted fixed manufacturing overhead is allocated to the two bracelets using machine minutes. c. Explain the difference in the two net income figures computed in parts (a.) and (b.). That is, reconcile any difference in earnings and explain why it occurs.








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