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I. O Chapter 5: Variable Costing and Segment Reporting: Tools for Management: (4 marks). A manufacturing company that produces a single product has provided the
I. O Chapter 5: Variable Costing and Segment Reporting: Tools for Management: (4 marks). A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $112 0 5,500 5,300 200 $33 $37 $5 $6 $71,500 $79,500 Required: What is the unit cost and net operating income for the month under absorption costing?
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