Hi! 🙂 Question about Absortion costing in Management accounting, we have information:Number of devices sold 2,130Number of devices produced 3,500Total variable manufacturing cost $31,550Total fixed manufacturing cost $31,550Total (variable) selling and distribution cost $42,300Total (fixed) administration cost $12,335The sales price of the device is $22 per unitAnd I need to prepare income statement for that month using absorption costing. I got the results but I would like to check If it is correct as this is extremely important to me. Thank you.
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