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This income statement reflects sales of 100,000 mice. Direct materials cost $5.00 per mouse, direct labor was $1.00 per mouse, and sales commissions were $1.50
This income statement reflects sales of 100,000 mice. Direct materials cost $5.00 per mouse, direct labor was $1.00 per mouse, and sales commissions were $1.50 per mouse. Advertising costs totaled $200,000. All manufacturing overhead costs are fixed. A. Develop a variable cost income statement.
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