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Music World produces student-grade violins for beginning violin students. The company produced 2,500 violins in...

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Music World produces student-grade violins for beginning violin students. The company produced 2,500 violins in its first month of operations. At month-end, 700 finished violins remained unsold. There was no inventory in work in process. Violins were sold for $117.50 each. Total costs from the month are as follows: ?(Clickontrepares traditional(absoptionoosing)inconne The company prepares traditional (absorption costing) income statements for its bankers. Music World would also like to prepare contribution margin income statements for management use. Read the requirements

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