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During 2022, Martinez Manufacturing produced 57,600 units and sold 52,800 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead
During 2022, Martinez Manufacturing produced 57,600 units and sold 52,800 for $10 per unit. Variable manufacturing costs were $4 per unit. Annual fixed manufacturing overhead was $115,200 ( $2 per unit). Variable selling and administrative costs were $1 per unit sold and fixed selling and administrative costs totaled $28,800. Prepare an absorption costing income statement
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