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Required information [The following information applies to the questions displayed below.] Barnes Company reports the following for its product for its first year of operations.
Required information [The following information applies to the questions displayed below.] Barnes Company reports the following for its product for its first year of operations. Compute total product cost per unit using absorption costing for the following production levels: (a) 2,000 units, (b) 2,200 units, and (c) 4,400 units. The company sells its product for $165 per unit. Compute gross profit using absorption costing assuming the company (a) produces and sells 2,000 units and (b) produces 2,200 units and sells 2,000 units. The company sells its product for $165 per unit. Compute contribution margin using variable costing assuming the company (a) produces and sells 2,000 units and (b) produces 2,200 units and sells 2,000 units
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