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Calculate the total absorption cost per basket and

Calculate the total absorption cost per basket and the total variable cost per basket using the following data for the first month of Fred’s Baskets:AugustDirect Materials Cost per Basket $.50Direct Labor Cost per Basket $1.20Variable Factory Overhead Cost per Basket $.30Total Fixed Factory Overhead Costs $15,000Total Fixed Selling and Administrative Costs $45,000Number of Baskets Produced 60,000Number of Baskets Sold 9,000Sales Price per Basket $20

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