Ogilvy Company manufactures and sells one product. The following information pertains to each of the...
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| Ogilvy Company manufactures and sells one product. The following information pertains to each of the companys first three years of operations: |
| The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Ogilvy produced 76,000 units and sold 76,000 units. During its second year of operations, it produced 76,000 units and sold 71,000 units. In its third year, Ogilvy produced 76,000 units and sold 81,000 units. The selling price of the companys product is $73 per unit.
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