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Comparison of absorption and marginal costing variances You have been provided with the following data for S for September: During September production and sales volume

image text in transcribed Comparison of absorption and marginal costing variances You have been provided with the following data for S for September: During September production and sales volume were as follows: Required: 1) Calculate: i) the standard contribution per unit ii) the standard profit per unit iii) the actual fixed overhead cost total. 2) Using the information presented above, explain why the different variances are calculated depending upon the choice of marginal or absorption costing

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