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Prepare a variable-costing income statement for rafael corp

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Reference no: EM132965562

Problem 1: During 2020, Rafael Corp. produced 38,400 units and sold 38,400 for $17 per unit. Variable manufacturing costs were $6 per unit. Annual fixed manufacturing overhead was $76,800 ($2 per unit). Variable selling and administrative costs were $3 per unit sold, and fixed selling and administrative expenses were $19,800. Prepare a variable-costing income statement.

Reference no: EM132965562

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