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The following information is available for Polar Company:
selling price $100.00
units in beginning inventory
unites produced 4,000
unites sold 3,200
units in engine inventory 800
direct materials $22
direct labor $20
variable manufacturing overhead $8
Variable selling and administrative $11
fixed manufacturing overhead $60,000
fixed selling and administrative $50,000
14. What amount of fixed manufacturing overhead is carried to the income statement under absorption costing?
15. What amount of fixed manufacturing overhead is carried to the income statement under variable costing?
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