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Snyder Company produced 91,700 units during its first year of operations and sold 88,000 at $21.73 per unit. The company chose practical activity-at 91,700 units-to

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Snyder Company produced 91,700 units during its first year of operations and sold 88,000 at $21.73 per unit. The company chose practical activity-at 91,700 units-to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct matenals $526,358 Direct labor 77,945 Expected and actual vanable overhead 415,401 Expected and actual fixed overhead 507,101 Required: If required, round unit cost answers to the nearest cent. 1. Calculate the unit cost and the cost of finished goods inventory under absorption costing. Unit Cost Cost of finished goods inventory 2. Calculate the unit cost and the cost of finished goods inventory under variable costing, Unit Cost Cost of finished goods inventory 3. What is the dollar amount that would be used to report the cost of finished goods inventory to external parties? Why

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