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Obama Company sells its product for $29per unit. During 2020, it produced27500units and sold15000units (there was no beginning inventory). Costs per unit are: direct materials
Obama Company sells its product for $29per unit. During 2020, it produced27500units and sold15000units (there was no beginning inventory). Costs per unit are: direct materials $8, direct labour $7, and variable overhead $6. Fixed costs are: $330000manufacturing overhead, and $110000selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?
$137500
$150000
$180000
$330000
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