Hyper Color Co. Manufactures Widgets...the following data is related to sales and production of the...
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Accounting
Hyper Color Co. Manufactures Widgets...the following data is related to sales and production of the widgets for last year.
Selling price per unit ..... $130
Variable Manufacturing costs per unit .... $61
Fixed Manufacturing Overhead (total) .... $35,000
Fixed Selling and Administrative Expenses (total) ... $8,000
Units Produced ... 1700
Units Sold ... 1400
Prepare an operating income statement for both Absorption and Variable Costing (explain why different)
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