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Obama Company sells its product for $26 per unit. During 2020, it produced 23500 units and sold 13000 units (there was no beginning inventory). Costs
Obama Company sells its product for $26 per unit. During 2020, it produced 23500 units and sold 13000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3. Fixed costs are: $305500 manufacturing overhead, and $47000 selling and administrative expenses. The per-unit manufacturing cost under variable costing is
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