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Make an absorption costing income statement

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Question - During 2020, Rafael Corp. produced 51,700 units and sold 41,360 for $17 per unit. Variable manufacturing costs were $5 per unit. Annual fixed manufacturing overhead was $82,720. Variable selling and administrative costs were $2 per unit sold, and fixed selling and administrative expenses were $19,300. Make an absorption costing income statement. All accounts are CORRECT.

Reference no: EM132844847

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