Calculate absorption costing income and variable costing income. Construct and prepare an income statement for a calendar year.
Note: Accounting requires specific steps that need to be executed in a sequence. The assessments in this course are presented in sequence and must be completed in order.
Businesses must track the costs of doing business and profits to plan for the future.
Use the Variable Costing Conversion Template [XLSX] to complete this assessment.
By successfully completing this assessment, you will demonstrate your proficiency in the course competencies through the following assessment scoring guide criteria: