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Question 8 (4 points) Ch. 9- Black and Decker manufactures tools for the retail market. It takes only bulk orders and each tool is

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Question 8 (4 points) Ch. 9- Black and Decker manufactures tools for the retail market. It takes only bulk orders and each tool is sold for $400 after negotiations. In the month of January 2022, it manufactures 3500 tools and sells 2400 tools. Actual fixed costs are the same as the amount of fixed costs budgeted for the month. The following information is provided for the month of January: Variable manufacturing costs Fixed manufacturing costs Fixed Administrative expenses $160 per unit $100,000 per month $25,000 per month On January 31st, the end of the month, Black & Decker has an ending inventory of finished goods of 1100 tools. Black & Decker also pays a sales commission of $13 per tool. What is the operating income when using absorption costing? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) $451,232 $507,432 $482,432 $476.232

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