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Compute the amount of net operating income or loss

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Question - Compute the amount of net operating income or loss under absorption costing based on the following data.

Unit selling price $90

Unit cost for direct materials $10

Unit cost for direct labor 15

Unit cost for variable manufacturing overhead 7

Unit cost for variable selling and administrative expenses 2

Total fixed manufacturing overhead 100,000

Total fixed selling and administrative expense 40,000

Units produced 25,000

Units sold 24,000

Reference no: EM131827590

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