Question: During its first year, Walnut, Inc., showed an $18 per-unit profit under absorption costing but would have reported a total profit $16,000 less under variable

During its first year, Walnut, Inc., showed an $18 per-unit profit under absorption costing but would have reported a total profit $16,000 less under variable costing. If production exceeded sales by 500 units and an average contribution margin of 62.5% was maintained, what is the apparent:

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