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Qasimi Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price
$105
Units in beginning inventory
0
Units produced
20,000
Units sold
17,000
Units in ending inventory
3,000
Variable costs per unit:
Direct materials
$32
Direct labor
$27
Variable manufacturing overhead
$8
Variable selling and administrative
$5
Fixed Costs
Fixed manufacturing overhead
$220,000
Fixed selling and administrative
$170,000
Required:
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