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Year 1 financial data for the CBA Company is as follows:
Under the absorption method, Year 1 Cost of Goods Sold will be
A) 2,600,000
B) 2,950,000
C) 3,800,000
D) 3,060,000
Sales
$5,800,000
Direct materials
800,000
Direct manufacturing labor
1,800,000
Variable manufacturing overhead
350,000
Fixed manufacturing overhead
850,000
Variable SG&A
110,000
Fixed SG&A
210,000
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