Sales totaled \$1,405,000 for the year, variable seling and administrative expenses totaled $148,930, and fxed...
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Accounting
Sales totaled \$1,405,000 for the year, variable seling and administrative expenses totaled $148,930, and fxed seling and administrative expenses totaled $247,543. There was no beginning inventory. Assume that direct labor is a variable cost. Under variable costing, the company's net operating income for the year would be
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