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Rexfield Company recorded the following transactions for the month of February Sales were $420,000 for the month Sales prices are determined by a markup on manufacturing cost of 40% The costs of

Rexfield Company recorded the following transactions for the month of February: Sales were $420,000 for the month. Sales prices are determined by a markup on manufacturing cost of 40%. The costs of new inputs to the manufacturing process during the month were $285,000. Instructions 1. Calculate the missing values in the above schedule. 2. Compare and contrast the behaviour of fixed and variable costs in total and per unit.

May 22 2020 View more View Less

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