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Hey Company has 60 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Hey Company produced 200 units
Hey Company has 60 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Hey Company produced 200 units and sold 150 units for $190 each. All units incurred $50 in variable manufacturing costs and $25 in fixed manufacturing costs. Hey Company also incurred $6,000 in selling and administration costs, all fixed. Calculate the operating income for the year using variable costing.
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