For this discussion, I'd like you to discuss some of the pros
and cons of full absorption costing (GAAP) versus variable costing
(Internal). Why do you think GAAP requires full absorption costing?
Income tax accounting also requires full absorption costing. Why do
you think that would be? This subject is certainly discussed in the
book, so please don't just rehash what the book has told you.
Instead, please interpret the pros and cons identified in the book
as well as...