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    Nov 9, 2011, 11:38 AM
    Determine operating income using absorption-costing approach
    sales 38,000 units at $50 each
    Expected and actual production 40,000 unites
    Manufacturing costs incurred:
    Variable: $1,400,000
    Fixed: $228,000
    Non-Manufacturing cost incurred:
    Variable: $76,000
    Fixed: $135,000
    Beginning Inventories: none

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