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The following information pertains to a manufacturing company for the year ended December 31, 2019: Units produced 70,000 units Units sold 60,000 units Beginning inventory
The following information pertains to a manufacturing company for the year ended December 31, 2019:
Units produced
70,000 units
Units sold
60,000 units
Beginning inventory
0 units
Selling price
$ 25 per unit
Variable manufacturing cost
$ 728,000
Fixed manufacturing cost
$ 315,000
Variable operating cost
$ 98,000
Fixed operating cost
$ 240,000
What would be the operating profit using the variable costing method?
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Intermediate Accounting Volume 1
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881237, 9781260881233
