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Kipskirt Company manufactures a single product: shirts. Kipskirt's shirts have a unique design that is not replicated by any other shirt manufacturer. The company was

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Kipskirt Company manufactures a single product: shirts. Kipskirt's shirts have a unique design that is not replicated by any other shirt manufacturer. The company was formed at the beginning of last year with an initial investment of $769,000. Kipskirt requires a 21% annual rate of return on the investment. In total, 8,100 shirts were produced and sold last year. For the upcoming year, the production and sales volumes are not expected to change from last year. The following costs are budgeted for the upcoming year: To price their product, Kipskirt uses the cost-plus pricing method. The compariy has a policy of using the absorption costing method for assigning costs to inventory and the formula method for determining a markup percentage, Banet enterdallar signs or conimas in the input boxes: Kipskirt Company manufactures a single product: shirts. Kipskirt's shirts have a unique design that is not replicated by any other shirt manufacturer. The company was formed at the beginning of last year with an initial investment of $769,000. Kipskirt requires a 21% annual rate of return on the investment. In total, 8,100 shirts were produced and sold last year. For the upcoming year, the production and sales volumes are not expected to change from last year. The following costs are budgeted for the upcoming year: To price their product, Kipskirt uses the cost-plus pricing method. The compariy has a policy of using the absorption costing method for assigning costs to inventory and the formula method for determining a markup percentage, Banet enterdallar signs or conimas in the input boxes

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