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The management of Musselman Corporation would like to set the selling price on a new...

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Accounting

The management of Musselman Corporation would like to set the selling price on a new product using the absorption costing approach to cost-plus pricing. The company's accounting department has supplied the following estimates for the new product:
\table[[Direct materials,Per Unit,Per Year],[Direct labor,$27,],[Variable manufacturing overhead,$16,],[Fixed annual manufacturing overhead,$8,$216,000
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