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Obama Company sells its product for $25per unit. During 2020, it produced20500units and sold10000units (there was no beginning inventory). Costs per unit are: direct materials
Obama Company sells its product for $25per unit. During 2020, it produced20500units and sold10000units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3. Fixed costs are: $266500manufacturing overhead, and $41000selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?
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