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Indiana Corporation produces a single product that it sells for $ per unit. During the first year of operations, units were produced, and units were sold. Manufacturing costs and selling and administrative expenses for the year were as follows:
Fixed Costs Variable Costs
Raw materials $ per unit produced
Direct labour per unit produced
Factory overhead $ per unit produced
Selling and administrative per unit sold
What was Indiana Corporation's operating income for the year using variable costing?
Multiple Choice
$
$
$
$
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