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! Required information (The following information applies to the questions displayed below.) Advanced Company reports...

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Accounting

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! Required information (The following information applies to the questions displayed below.) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead A tA 41,000 units 24,600 units $ 25 per unit $ 27 per unit $ 3 per unit $205,000 in total $ Given Advanced Company's data, and the knowledge that the product is sold for $81 per unit and operating expenses are $360,000, compute the net income under absorption costing. ! Required information [The following information applies to the questions displayed below.) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead ta ta ta ta 41,000 units 24,600 units $ 25 per unit $ 27 per unit 3 per unit $205,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $81 per unit and operating expenses are $360,000, compute the net income under variable costing

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