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Potter Corporation produces one product. Its costs include direct materials of $3 per unit; direct labor of $15 per unit; variable overhead of $7 per
Potter Corporation produces one product. Its costs include direct materials of $3 per unit; direct labor of $15 per unit; variable overhead of $7 per unit; fixed overhead of $80,000 per peiod; variable selling costs of $2 per unit and fixed selling and administrative costs of $25,000 per peiod. The selling price is $60 per unit
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