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HELP Menik, a manufacturer of kaysks, began operations this yoar. Duing this year, the company produced 1.025 kaywis and sold 775 at a price of
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Menik, a manufacturer of kaysks, began operations this yoar. Duing this year, the company produced 1.025 kaywis and sold 775 at a price of $1.025 each. At yeat-end the company reported the following income statement information using abrorption costing Additional information a. Product cost per kayak under absorption costing totab 5475 , which consists of 5375 in drect materials, deect labos, and variable overhead costs and $100 in fixed overhead cost. Foed owerhead of $100 per unit is based on $102,500 of fixed overhead per year clivided by 1025 kayaks produced. b. The $230.000 in seling and administrative expenses consists of $85,000 that is variable and $145.000 that is fired, Prepare an income statement for the current year under variable costing Step by Step Solution
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