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Find what amount of fixed overhead deferred to period

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Reference no: EM132550642

Question 1: Obama Company sells its product for $25 per unit. During 2020, it produced 20500 units and sold 10000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3. Fixed costs are: $266500 manufacturing overhead, and $41000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?

Reference no: EM132550642

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