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Jackson Corporation has provided the following information: Selling price $20.00 per unit Direct Materials $5.50...

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Jackson Corporation has provided the following information: Selling price $20.00 per unit Direct Materials $5.50 per unit Direct Labor $3.20 per unit Variable MOH $2.30 per unit Sales Commission $1.00 per unit Total Fixed MOH $10,000 Total Fixed Selling and administrative expenses $5,000 4,000 units were produced and 3,900 units were sold. There was no beginning inventory. ANSWER THE FOLLOWING QUESTIONS 1. What is the unit product cost under variable costing? 2. What is the unit product cost under absorption costing? 3. What is the net operating income under variable costing? 4. Would you expect net operating income to be higher or lower under absorption costing? 5. What would you expect the amount of the difference to be

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