Process costing income statement

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Please answer each of the following questions in detail. Provide in-text citations that matches peer reviewed references minimum two 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.

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