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Required information Skip to question [The following information applies to the questions displayed below.] Barnes...

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Accounting

Required information Skip to question [The following information applies to the questions displayed below.] Barnes Company reports the following for its product for its first year of operations. Direct materials $ 33 per unit Direct labor $ 23 per unit Variable overhead $ 14 per unit Fixed overhead $ 44,000 per year Variable selling and administrative expenses $ 3 per unit Fixed selling and administrative expenses $ 25,000 per year The company sells its product for $165 per unit. Compute gross profit using absorption costing assuming the company (a) produces and sells 2,000 units and (b) produces 2,200 units and sells 2,000 units.

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