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In its first month of business Topeka, Inc. made and sold 560 units and reported the following information: Sales price $150 per unit Direct materials
In its first month of business Topeka, Inc. made and sold 560 units and reported the following information: Sales price $150 per unit Direct materials $10 per unit Direct labor $20 per unit Variable MOH $30 per unit Fixed MOH $22,000 per month Variable selling and admin. costs $5 per unit Fixed selling and admin. costs $10,000 per unit What is Topeka's product cost per unit for external reporting purposes? (Round any intermediate calculations and your final answer to the nearest cent.) O A. $120.00 B. $59.29 C. $69.29 D. $99.29 QUESTION 28 When a firm sells all of the units that it produced during a period, its operating income will be the same under absorption costing and variable costing because: O A. Fixed manufacturing costs have not been considered when calculating operating income. O B. All selling and administrative expenses have been recorded as product costs. O C. All costs incurred have been recognized as expenses. O D. A portion of this period's fixed manufacturing overhead is capitalized in the Finished Goods Inventory account
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