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See Absorption vs Variable Costing Daily Activity Rainbow Concrete Corporation has provided the following data for its two most recent years of operation: Selling price
See Absorption vs Variable Costing Daily Activity Rainbow Concrete Corporation has provided the following data for its two most recent years of operation: Selling price per unit $94 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year 6 136,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory e. Prepare a report in good form reconciling the variable costing and absorption costing net incomes
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