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Answered: A company prepares income statements using both absorption and variable costing methods. Factory overhead cost applied per unit produced in 2020 was the same in… | bartleby
Answered: A company prepares income statements using both abs…
Dec 13, 2021
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Dion Company reports the absorption costing income statement below for May.The company began the month with no finished goods inventory.Dion produced 21,400 units,and 2,700 units remain in ending finished goods inventory for May.Fixed overhead was 53,500. Variable selling and administration expenses were37,000 and fixed selling and administrative expenses were 17,500.Sales 18,700 units Cost of goods sold Gross profit Selling and administrative expenses Income374,000 295,000 79,000 54,500 24,500P
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