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Determine the full costing operating income

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Question - Lighter Incorporated planned and manufactured 415,000 units of its single product in 2022, its first year of operations. Variable manufacturing costs were $53 per unit of production. Planned and fixed manufacturing costs were $815,000. Marketing and administrative costs (all fixed) were $615,000 in 2022. Lighter Incorporated sold 198,000 units of product in 2022 at $68 per unit.

Required - Determine the full costing operating income for 2022?

Reference no: EM133165515

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