Costing and accounting assignment help

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Your reply needs to be at least 200 words in length per question, use peer-reviewed sources or the text to support your response. Personal opinion alone will not earn credit. You can include personal opinion, work experience to support your response, but be certain to use some type of peer-reviewed source(s) or the text to support your response. Dot com sources will not earn any credit, so please avoid them.

1)
Explain how full-absorption costing can be abused by management to misstate financial results. What is variable costing? Convey information that you believe is relevant.

2)

Explain how CVP analysis may be helpful in evaluating whether it will be smart to buy a new machine that would reduce labor costs by 60%. 

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