Wk2 DQ - Managerial Accounting

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 Question:

Please answer each of the following questions in detail. Provide in-text citations and include examples whenever applicable.

  1. Explain the process costing income statement and provide a hypothetical example of process costing income statement in a manufacturing enterprise. Explain how unit product cost is evaluated in this format. Provide in-text citations and explain your example in detail. 
  2. Explain the variable costing income statement and provide a hypothetical example of variable costing income statement in a manufacturing enterprise. Provide in-text citations and explain your example in detail.

Note:

1. Define the words in the own words. Do not directly quote from the textbook.

2. Need to write at least 2 paragraphs

3. Need to include the information from the textbook as the reference.

4. Need to include at least 2 peer reviewed article as the reference.

5. Need to provide the examples whenever applicable.

5. Please find the related power point and textbook in the attachment

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