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Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Per Year Selling price Direct materials
Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit $200 $ 71 $ 50 $ 9 $ 8 $300,000 Using variable costing and based solely on the information provided, what is the company's contribution margin per unit? Which of the following statements is true with respect to a cost reconciliation report? Multiple Choice The cost of ending work in process inventory plus the cost of units completed and transferred out equals the total cost accounted for. The cost of ending work in process inventory plus the cost added to production during the period equals the total cost accounted for. The cost added to production during the period plus the cost of units completed and transferred out equals the total cost accounted for. The cost of beginning work in process inventory plus the cost of units completed and transferred out equals the total cost accounted for
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