A company has the following data: Planned and actual production: 40000 units ...

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Accounting

A company has the following data:
Planned and actual production: 40000 units
Sales: 37000 units at R15 per unit
Production costs:
Variable: R4 per unit
Fixed: R260000
Selling and administrative costs:
Variable: R1 per unit
Fixed: R32000
No opening stock
The gross profit that the company would disclose on an absorption-costing income statement is:
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