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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

On January 1 of the Current Year, Townsend Co