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Problem : The cost accountant for the Corner Manufacturing Company has provided you with the following information for the month of July:
Required:
Quetsion 1: Compute the following per unit items, assuming the company produced and sold 5,000 units at a price of $210.00 per unit.
(a) Total variable cost.
(b) Variable inventoriable cost.
(c) Full absorption cost.
(d) Full cost.
(e) Contribution margin.
(f) Gross margin.
(g) Profit margin.
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