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Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: table [ [ Variable

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Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:
\table[[Variable costs per unit:],[],[Direct materials],[Direct labor,$,3],[Variable manufacturing overhead,$,1],[Variable selling and administrative,$,1],[Fixed costs per year:],[Fixed manufacturing overhead,$290,000
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