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Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per
Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year $ 200 $ 75 Selling price Direct materials Direct labor $ 50 Variable manufacturing overhead $ 10 Sales commission $ 8 Fixed manufacturing overhead $ 300,000 Using absorption costing, what is the company's net operating income? Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price $ 200 Direct materials $ 75 Direct labor $ 50 Variable manufacturing overhead $ 10 Sales commission $ Fixed manufacturing overhead $ 300,000 Using absorption costing, what is the company's gross margin? Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price $ 200 Direct materials $ 84 Direct labor $ 50 Variable manufacturing overhead $ 12 Sales commission $ 8 Fixed manufacturing overhead $300,000 Using absorption costing, what is the cost of the company's ending inventory?
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