Variable costing and absorption costing formats
Provide income statements in both variable costing and absorption costing formats for an initial period and its successive period in a case where all manufactured products within the two periods are sold by the end of the second period, but number of units sold in the first period is less than the number of units manufactured in this period. What is the interesting observation in comparing the two types of income statements? Explain your example in detail and provide in-text citations. explain your work in detail and provide in-text citations. Include the initial situation and the initial assumptions in your answer.
Sample Solution
(Morrison, 2012) discussed, DMOs carry out various roles allow for the better utilisation of the tourism resources of a destination. These roles allow them to not only market and promote their destination but to identify potential new market segments and to identify new product opportunities as well as best utilising the resources of a destination in order for it to be successful as a tourist destination 1. Partnership and team building: Involves the creation of a team and the building of alliances to accomplish the destinations promotional and product development goals. 2. Planning and research: Involves carrying out research on potential segments of the market to have a clearer idea of what direction they should take in regard to their marketing and product development decisions. 3. Leadership and co-ordination: Here the destination management organisation acts as a facilitator of the efforts of all those involved in the destination team, and creates alliances to reach marketing and product development goals. 4. Product development: Can be described as the sustainable development of tourism products. The Destination management organisation of country is ultimately in charge of the continuous improvements of tourism products a country offers as well as identifying potential tourism product developments and opportunities to attract more and more tourists. 5. Marketing and promotion. Here the DMO takes the role of developing a marketing strategy. This strategy includes selecting the appropriate target market and developing a marketable image of the region. In the past, the role of a DMO was solely based in marketing and promotional activities, howev>
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