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Monex reported 70000 of net income for the year by using

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Monex reported $70,000 of net income for the year by using absorption costing. The company had no beginning inventory, planned and actual production of 20,000 units, and sales of 18,500 units. Standard vairable manufacturing costs were $17 per unit , and the total budgeted fixed manufacturing overhead was $111,000. If there were no variances.

Reference no: EM13597370

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