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A business operated at 100% of capacity during its first month, with the following results:...

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Accounting

A business operated at 100% of capacity during its first month, with the following results: Sales (110 units) $473,000 Production costs (138 units): Direct materials $64,147 Direct labor 16,378 Variable factory overhead 28,661 Fixed factory overhead 27,296 136,482 Operating expenses: Variable operating expenses $5,321 Fixed operating expenses 4,459 9,780 The amount of operating income that would be reported on the absorption costing

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