Oriole Company sells its product for $25 per unit. During 2022, it produced 27500 units...
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Oriole Company sells its product for $25 per unit. During 2022, it produced 27500 units and sold 13200 units (there was no beginning inventory). Costs per unit are: direct materials $7, direct labour $6, and variable overhead $5. Fixed costs are: $412500 manufacturing overhead, and $68750 selling and administrative expenses. Cost of goods sold under absorption costing is $237600. $435600. $907500. $468600.
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