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Montana Company produces basketballs. It incurred the following costs during the year. Direct materials: $14,032 Direct Labor: $25,706 Fixed manufacturing overhead: $9,698 Variable manufacturing overhead: $32,164 Selling Costs: $21,176 What are the total product costs for the company under variable costing? Total Product Costs: $ is equal to what dollar amount (total product costs)?
Define accounting.Briefly explain the accounting concepts which guide the accountants at recording stage
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What is the implication of applying accounting concepts wrongly?
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