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Assume absorption costing net income is $103000, ending inventory consists of 590 units, the variable overhead rate is $20 per unit, and the fixed overhead

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Assume absorption costing net income is $103000, ending inventory consists of 590 units, the variable overhead rate is $20 per unit, and the fixed overhead rate is $25 per unit. Determine the net income under variable costing. $88250 O $117750 $26550 O $129550

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