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Monash Manufacturing produces a single product, the standard costs per unit being variable manufacturing $8, fixed manufacturing $6. Selling and administrative costs are $2 per
Monash Manufacturing produces a single product, the standard costs per unit being variable manufacturing $8, fixed manufacturing $6. Selling and administrative costs are $2 per unit sold. The selling price is $20 per unit. Actual and budgeted fixed overhead is $900,000 for the year. Information about Monashs production activity for the year follows: Sales 125,000 units Production 150,000 units Opening inventory 5,000 units What is the profit under absorption costing? Question 4Select one: A. $750,000 B. $1,250,000 C. $350,000 D. $500,000
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