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During 2022, Novak Corp. produced 49,000 units and sold 29,400 for $16.00 per unit. Variable manufacturing costs were $4.00 per unit. Annual fixed manufacturing overhead
During 2022, Novak Corp. produced 49,000 units and sold 29,400 for $16.00 per unit. Variable manufacturing costs were $4.00 per unit. Annual fixed manufacturing overhead was $58,800. Variable selling and administrative costs were $2.00 per unit sold, and fixed selling and administrative expenses were $20,000. (a) Preoare an absorotion-costing income statement
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