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A company has the following information: Direct labor cost is paid in the month incurred. MOH cost includes $1,400 for depreciation on the manufacturing plant,

image text in transcribed A company has the following information: Direct labor cost is paid in the month incurred. MOH cost includes $1,400 for depreciation on the manufacturing plant, but selling and administrative cost is exclusive of depreciation. The company will acquire equipment of $7,400. The company can borrow in increments of $1,000 and will maintain a minimum cash balance of $10,000. Required

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