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Prepare an income statement for the year ended December 31, through the gross profit for Baxter company using the following information: Baxter company sold 8,

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Prepare an income statement for the year ended December 31, through the gross profit for Baxter company using the following information: Baxter company sold 8, 600 units at $150 per unit. Normaal production is 9, 000 units. (Do not round fixed overhead rate calculation when determining fixed factory overhead volume variance.)

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