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During Heaton Companys first two years of operations, the company reported absorption costing net operating income as follows: * $3 per unit variable; $255,000 fixed
During Heaton Companys first two years of operations, the company reported absorption costing net operating income as follows:
* $3 per unit variable; $255,000 fixed each year
The companys $34 unit product cost is computed as follows: Forty percent of fixed manufacturing overhead consists of wages and salaries; the remainder consists of depreciation charges on production equipment and buildings.
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