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During its first year of operation Salon Manufacturing Company sold 1,000 units of inventory. Salon incurred variable product cost of $12.00 per unit and
During its first year of operation Salon Manufacturing Company sold 1,000 units of inventory. Salon incurred variable product cost of $12.00 per unit and $2,000 of fixed manufacturing overhead costs. The sales price of the products was $15.50 per unit. Salon uses absorption costing. Based on this information Salon will report net income of (Do not round intermediate calculations.) Multiple Choice $1,900 if the company made 1.250 units of product during the year $2,167 if the company made 1,500 units of product during the year $2.433 if the company made 1,875 units of product during the year All of the answers are comect 9
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