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A company's only product sells for $432 per unit. Data for its first year of operations follow. Compute income for the year under absorption costing Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Units produced and sold $ 40 per unit $ 56 per unit $ 12 per unit $ 320,000 per year $ 36 per unit $ 400,000 per year 48,000 units Multiple Choice 0517280,000 O $12,540,000 $10.490 000 G $11120,000 $10.000.000