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Construct a statement showing the profit using absorption

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Reference no: EM132548409

A product has the following costs:

$ Per Unit

Variable production costs 9.60

Total production costs 15.00

Total variable cost 11.80

Total cost 20.00

22,800 units of the product were manufactured in a period during which 22,400 units were sold.

Question 1: Construct a statement showing the profit using absorption costing and marginal costing

Reference no: EM132548409

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