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Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. table [ [ Income

Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow.
\table[[Income Statements (Absorption Costing),Year 1,Year 2],[Sales ($48 per unit),$1,248,000,$2,304,000
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