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During the First Year of Operations, 18,000 Units Were Manufactured

Question 115

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During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On August 31, Olympic Inc. prepared the following income statement based on the variable costing concept:
Olympic Inc.
Variable Costing Income Statement
For Year Ended August 31, 20-- During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On August 31, Olympic Inc. prepared the following income statement based on the variable costing concept: Olympic Inc. Variable Costing Income Statement For Year Ended August 31, 20-- Determine the unit cost of goods manufactured, based on a) the variable costing concept and b) the absorption costing concept. Determine the unit cost of goods manufactured, based on a) the variable costing concept and b) the absorption costing concept.

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a) $16.00 $288,000 total variable cost o...

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