Explain the process costing income statement and provide a hypothetical example of process costing income statement in a manufacturing enterprise.

Explain the process costing income statement and provide a hypothetical example of process costing income statement in a manufacturing enterprise..

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.
the answers need to be posted in APA format.

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