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Exercise 6 - 3 ( Algo ) Income statement under absorption costing and variable costing LO P 1 , P 2 [ The following information
Exercise Algo Income statement under absorption costing and variable costing LO P P
The following information applies to the questions displayed below.
Cool Sky reports the following for its first year of operations. The company produced units and sold units
at a price of $ per unit.
Direct materials $ per unit
Direct labor $ per unit
Variable overhead $ per unit
Fixed overhead $ per year
Variable selling and administrative expenses $ per unit
Fixed selling and administrative expenses $ per year
Exercise Algo Part a
a Assume the company uses absorption costing. Determine its total product cost per unit.
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