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Business, 06.06.2020 22:01 liaholmes8

Elliot Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $112 Units in beginning inventory 0 Units produced 4,900 Units sold 4,500 Units in ending inventory 400 Variable costs per unit: Direct materials $19 Direct labor $45 Variable manufacturing overhead $6 Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $117,600 Fixed selling and administrative $22,500 What is the net operating income for the month under variable costing?

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