please answer each of the following questions in detail. Provide in-text citations and include examples whenever applicable.
- Is a variable costing income statement applicable to service operations? If so, provide a hypothetical example of variable costing income statements in a service operation.
- What is the difference between variable costing and absorption costing income statements?
- Provide a hypothetical income statement in both formats in which the number of units sold is different from the number of units manufactured.
- Explain the contrast between the two formats.