Recent income statement of procter & gamble company
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Hca 240 week 2 hospital applicationMay 31, 2021Create an information flow diagram, using Visio or DiaMay 31, 2021 The following data were adapted from a recent income statement of Procter & Gamble Company: (in millions)Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $76,476Operating costs:Cost of products sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $36,686Marketing, administrative, and other expenses . . . . . . . . . . . . . . . . . . . . . . 24,340Total operating costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $61,026Income from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,450Assume that the variable amount of each category of operating costs is as follows: (in millions)Cost of products sold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $20,500Marketing, administrative, and other expenses . . . . . . . . . . . . . . . . . . . 9,700a. Based on the above data, prepare a variable costing income statement for Procter & Gamble Company, assuming that the company maintained constant inventory levels during the period.b. If Procter & Gamble reduced its inventories during the period, what impact would that have on the income from operations determined under absorption costing? “Is this question part of your assignment? We Can Help!”
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