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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Neon Company manufactures widgets. The following data is related to sales and production of the widgets for last year.

Selling price per unit   $130.00
Variable manufacturing costs per unit   $62.00
Variable selling and administrative expenses per unit   $5.00
Fixed manufacturing overhead (in total)   $30,000
Fixed selling and administrative expenses (in total)   $8,000
Units produced during the year   1,500
Units sold during year   1,100

Using absorption costing, what is gross profit for last month?
A) $104,800
B) $143,000
C) $233,200
D) $52,800
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Wow! Thank you
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