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QUESTION
Craft Company produces a single product. Last year, the company had a net operating income of $98,450 using absorption costing and $80,000 using variable costing. The fixed manufacturing overhead cost
Craft Company produces a single product. Last year, the company had a net operating income of $98,450 using absorption costing and $80,000 using variable costing. The fixed manufacturing overhead cost was $15 per unit. There were no beginning inventories. If 23,200 units were produced last year, then sales last year were:
