Given the data for Advanced Company, and knowing that the product sells for $51 per unit and
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Question:
Given the data for Advanced Company, and knowing that the product sells for $51 per unit and that the operating expenses are $360,000,
Advanced Company reports the following information for the current year. All beginning inventory amounts equalled $0 this year. |
Units produced this year | 45,000 units |
units sold this year | 27,000 units |
Direct materials | $5.75 per unit |
Direct labour | $6.75 per unit |
Variable Overhead | $168,750 total |
Fixed overhead | $258,750 total |
Calculate the net income based on variable cost.
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