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Image transcription textES Dowell Company produces a single product. Its income statements under absorption
costing for its ?rst two years of operatio
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ES Dowell Company produces a single product. Its income statements under absorption
costing for its ?rst two years of operation follow. Income Statements (Absorption Costing) Year
1 Year 2 Sales ($46 per unit) $ 920.000 $ 1,840,000 Cost of goods sold ($31 per … Show more
costing for its ?rst two years of operation follow. Income Statements (Absorption Costing) Year
1 Year 2 Sales ($46 per unit) $ 920.000 $ 1,840,000 Cost of goods sold ($31 per … Show more
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35 c. Selling and administrative expenses consist of the following. Selling and Administrative
Expenses Year 1 Year 2 Variable selling and administrative ($2.50 per unit sold) $ 50,000 $
100,000 Fixed selling and administrative 120,000 120,000 Total $ 170,000 $ 220.… Show more
Expenses Year 1 Year 2 Variable selling and administrative ($2.50 per unit sold) $ 50,000 $
100,000 Fixed selling and administrative 120,000 120,000 Total $ 170,000 $ 220.… Show more
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