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Chapter 1 Homework 4 Saved Help Save & Exit Submit Check my work 4 points allook Wallis Company produces circuit boards in a foreign country
Chapter 1 Homework 4 Saved Help Save & Exit Submit Check my work 4 points allook Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 8.1 million boards at a $6.20 material cost per unit. Wallis's labor and overhead added $1,24 to the cost per unit. Wallis sold the boards to various customers for $9.30 per unit for a net profit of $1.86 per unit. Required: How much VAT does Wallis Company owe? Note: Enter your answer in dollars not in millions of dollars. VAT Print References
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