Assume a company’s unit product cost under absorption costing includes $12 of fixed manufacturing overhead per unit. In its first year of the operations, the company produced 12,500 units and sold 11,500 units and it reported absorption costing net operating income of $40,000. What was the company’s variable costing net operating income during its first year of operations?

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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answerprotecting competitors;