Assume that a company maintains no beginning or ending inventories and produces and sells 4,000...
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Accounting
Assume that a company maintains no beginning or ending inventories and produces and sells 4,000 units of only one product for a price of $130 per unit. The companys variable manufacturing costs per unit are $80 and its fixed manufacturing overhead per unit is $24. Its variable selling and administrative expense is $12 per unit and its fixed selling and administrative expense is $45,300. What is the companys net operating income under absorption costing
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