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Vaughn Manufacturing sells its product for $70 per unit. During 2022. it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs

Vaughn Manufacturing sells its product for $70 per unit. During 2022. it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $22, direct labor $9, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period

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