Narita Corporation produced 50,000 tires and sold them for $80 each during 2014. The company determined that

Question:

Narita produced 50,000 tires and sold them for $80 each during 2014. The company determined that fixed manufacturing cost per unit was $15 per tire. The company reported gross profit of $1,200,000 on its 2014 financial statements.

Required
Determine the variable cost per unit, the total variable cost, and the total .

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