a. prepare an absorption coating income statement

ament PRINTER VERSION 4 BACK Brief Exercise 8.10 a-b (Part Level Submission) During 2020, Rafael Corp. produced 49,000 units and sold 29,400 for $16 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $58,800. Variable selling and administrative costs were $2 per unit sold, and fixed selling administrative expenses were $20,000