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Help me 21. Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations Variable costs
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21. Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations Variable costs per unit Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 14 $3 $ 1 Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative $ 290,000 $ 200,000 During the year, the company produced 29,000 units and sold 22,000 units. The selling price of the company's product is $42 per unit Required: 1. Assume that the company uses absorption costing a. Compute the unit product cost. Unit product cost Step by Step Solution
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