Indiana Corporation produces a single product that it sells for $9 per unit. During the...
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Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations, 100,000 units were produced and 80,000 units were sold. Manufacturing costs and selling and administrative expenses for the year were as follows: Fixed Costs Variable Costs Raw materials -- $1.50 per unit produced Direct labor -- 1.75 per unit produced Factory overhead $100,000 0.70 per unit produced Selling and administrative 70,000 0.90 per unit sold What was Indiana Corporation's unit cost under absorption costing? Multiple Choice $5.85 $5.20 $4.50 $4.95
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