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What the company absorption-costing net income

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Question - Chicago began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled 22,000 units at $30 each. Costs incurred were:

Fixed manufacturing overhead $150,000

Fixed selling and administrative cost 100,000

Variable manufacturing cost per unit 8

Variable selling and administrative cost per unit 2

Required - If there were no variances, what the company's absorption-costing net income?

Reference no: EM133059761

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