Question: Help Save & Exit During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, 54 per unit, Direct labor,

Help Save & Exit During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, 54 per unit, Direct labor, $3 per unit, Variable overhead, $3 per unit, and Fixed overhead. $342.000. The company produced 38,000 units, and sold 29,500 units, leaving 8.500 units in inventory at year-end. Income calculated under variable costing is determined to be $410,000. How much income is reported under absorption costing? Multiple Choice O $752.000 O 186,500 O $410,000 O $333.500

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