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Assume the following: 5 Points No. of units sold 10,000 No. of units produced 8,000 Selling price per unit P45 Variable Materials P20 Variable Labor
Assume the following: 5 Points No. of units sold 10,000 No. of units produced 8,000 Selling price per unit P45 Variable Materials P20 Variable Labor P15 Variable Overhead P4 Fixed Overhead P24,000 By how much will the cost of goods sold differ by using absorption costing as compared to variable costing Identify whether higher or lower
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