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At the end of its first year of operation, Nelson Inc. reported $108000 of net income for the year by using variable costing. The actual
At the end of its first year of operation, Nelson Inc. reported $108000 of net income for the year by using variable costing. The actual number of units produced was 52000 units, and number of units sold was 52000 units. Variable manufacturing costs were $15 per unit, and total fixed manufacturing overhead was $150000. Calculate net income under absorption costing
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