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Absorption Costing income Statement On October 31, the end of the first month of operations,
Maryvile Equipment Company prepared the following income statement, based on the variable
costing concept; Prepare an income statement under absorption costing. Round all final answers
to whole doliars. Prepare an income statement under absorption costing. Round all final answers
to whole dollars.

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  • 1. Absorption Costing income Statement On October 31, the end of the first month of operations, Maryvile Equipment Company prepared the following income statement, based on the variable costing concept; Prepare an income statement under absorption costing. Round all final answers to whole doliars. Prepare an income statement under absorption costing. Round all final answers to whole dollars.