Last year, Ritter Company sold 5,000 bird feeders for ($20) each. Total fixed costs were ($42,000,) and
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Last year, Ritter Company sold 5,000 bird feeders for \($20\) each. Total fixed costs were \($42,000,\) and Ritter’s profit was \($30,000.\) What was its total variable cost last year?
a. \($28,000.\)
b. $58,000.
c. $70,000.
d. Cannot be determined.
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