Nowak corporation produced 60000 units and sold 50000 for

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Nowak Corporation produced 60,000 units and sold 50,000 for $10 per unit. Variable manufacturing costs included D. materials $3 and labor of $1. Annual fixed manufacturing overhead was $120,000. Variable selling and administrative costs were $1 per unit sold, and fixed selling and administrative costs were $30,000. Prepare a variable costing income statement.

Reference no: EM13485009

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