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Find what is the fixed overhead absorption rate per unit

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Reference no: EM132633592

Problem 1: A company had an opening inventory of 48,500 units and closing inventory of 45,500 units. Profits based on marginal costing were RM315,250 and on absorption costing were RM288,250. What is the fixed overhead absorption rate per unit? (up to 2 decimal points)

Reference no: EM132633592

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