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Year 1 financial data for the CBA Company is as follows: Under the absorption...

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Accounting

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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