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A business operated at 100% of capacity during its first month, with the following results: Sales (103 units) $463,500 Production costs (129 units): Direct
A business operated at 100% of capacity during its first month, with the following results: Sales (103 units) $463,500 Production costs (129 units): Direct materials $62,752 Direct labor 16,022 Variable factory overhead 28,038 Fixed factory overhead 26,703 133,515 Operating expenses: Variable operating expenses Fixed operating expenses. $5,169 4,063 9,232 The amount of gross profit that would be reported on the absorption costing income statement is Oa. $463,371 Ob. $351,726 Oc. $356,895 Od. $347,663
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
26th edition
128574361X, 978-1305446052, 1305446054, 978-1285743615
