Fulton Manufacturing Company makes a product that sells for $64 per unit. Manufacturing costs for...
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Accounting
Fulton Manufacturing Company makes a product that sells for $64 per unit. Manufacturing costs for the product amount to $24 per unit variable, and $96,000 fixed. During the current accounting period, Fulton made 4,000 units of the product and sold 3,500 units. Selling and administrative expenses were zero. Required Prepare an absorption costing income statement. Prepare a variable costing income statement.
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