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You are given the following information about ABC Company for year 2017 and you are...

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Accounting

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You are given the following information about ABC Company for year 2017 and you are required to compute net operating income using both absorption and variable costing with your comment on results. (3 marks) Number of units produced Number of units sold Units in begging invento Units sales price Variable costs per units Direct material Direct labor Manufacturing overhead Selling and administrative exp Fixed expenses Manufacturing overhead Selling and administrative ex 30,000 25,000 SR 40 SR7 SR5 SR3 SR 5 per vear: SR 150,000 SR 100,000

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