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Last year, fixed manufacturing overhead costs were $20,000, variable production costs were $41,000, fixed selling and administration costs were $18,000, and variable selling administrative expenses
Last year, fixed manufacturing overhead costs were $20,000, variable production costs were $41,000, fixed selling and administration costs were $18,000, and variable selling administrative expenses were $9,400. There was no beginning inventory. During the year, 3,600 units were produced and 1,500 units were sold at a price of $41 per unit. Under variable costing, what would be the operating income (loss)?
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