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Chicago began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled

Chicago began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled 22,000 units at $30 each. Costs incurred were: Fixed Manufacturing Over Head $150,000 Fixed Selling & Adminstration Cost $100,000 Variable Manufacturing Cost Per Unit $8.00 Variable Selling&Adminstrative per Unit 2.00 If there were no variances, the company's absorption-costing net income would be: A. $190,000. B. $202,000. C. $208,000. D. $220,000. E. some other amount.

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