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Lopez Apparels reports a operating profit of R10,000 during the month under absorption costing. It had no opening inventory. It manufactured 1,000 units during the
Lopez Apparels reports a operating profit of R10,000 during the month under absorption costing. It had no opening inventory. It manufactured 1,000 units during the month and sold 800 units. It has a fixed manufacturing cost of R5 per unit. What is the operating profit for the month under variable costing?
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