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Prescott Corporation has computed the following unit costs for the year just ended: Direct material used...... $23 Direct labor.......... 27 Variable manufacturing overhead... ...... 30
Prescott Corporation has computed the following unit costs for the year just ended: Direct material used...... $23 Direct labor.......... 27 Variable manufacturing overhead... ...... 30 Fixed manufacturing overhead... ...... 32 Variable selling and administrative cost..... 9 Fixed selling and administrative cost....... 17 Under variable costing, each unit of the company's inventory would be carried at
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