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Problem 3 30pts. Mikkey Inc., produces and sells many sports products. The company has just opened a new plant to produce a goal that will
Problem 3 30pts. Mikkey Inc., produces and sells many sports products. The company has just opened a new plant to produce a goal that will be marketed throughout the United States. The following cost and revenue data relate to June, the first month of the plant's operation: Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses 41,000 36,000 $83 Variable per unit Fixed per month $4 $566,000 Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Fixed manufacturing overhead cost per month $16 $9 $2 $697,000
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