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The Southern Corporation manufactures a single product and has the following cost structure:Variable ...

SirJohnny

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The Southern Corporation manufactures a single product and has the following cost structure:Variable ...

The Southern Corporation manufactures a single product and has the following cost structure:

Variable costs per unit:
Production	$ 38
Selling and administrative	$ 14
Fixed costs per year:
Production	$140,000
Selling and administrative	$ 84,000

Last year, 7,000 units were produced and 6,800 units were sold. There was no beginning inventory.

Under absorption costing, the cost of goods sold for the year would be:

▸ $258,400

▸ $394,400

▸ $353,600

▸ $398,400

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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hannahfeng

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More solutions for this book are available here

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SirJohnny Author

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A year ago

Good timing, thanks!

prime7105

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Correct

Mkersey12

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Thanks

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