So I can check what the correct answer is but it won't give me an...
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So I can check what the correct answer is but it won't give me an explanation on how they got it, even when I get it wrong. If someone could help me understand how they got there, that would be great! thank you in advance.
Check my work TB MC Qu. 19-83 During its first year of operations, the... During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $7 per unit, Direct labor, $5 per unit, Variable overhead, $6 per unit, and Fixed overhead, $350,000. The company produced 35,000 units, and sold 28,000 units, leaving 7,000 units in inventory at year-end. Income calculated under variable costing is determined to be $395.000. How much income is reported under absorption costing? points eBook Multiple Choice Print O $395,000 References O $325,000 O $745.000 $465,000 0 $406.000
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