FMM Inc. manufactures a single product. Absorption costing income was $2,926,675 last year, and...

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Accounting

FMM Inc. manufactures a single product. Absorption costing income was
$2,926,675 last year, and the company's inventory decreased by 57,700 units.
Fixed manufacturing overhead cost was $11.25 per unit for units in both
beginning and ending inventory. What was variable costing income (i.e., net
profit from the contribution margin income statement) last year at FMM Inc.?
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