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7. Monterey Co. makes and sells a single product. The current selling price is $17 per unit. Variable expenses are $10.2 per unit, and fixed

7. Monterey Co. makes and sells a single product. The current selling price is $17 per unit. Variable expenses are $10.2 per unit, and fixed expenses total $33,680 per month. (Unless otherwise stated, consider each requirement separately.)

Calculate the monthly operating income (or loss) at a sales volume of 5,100 units per month. (Do not round your intermediate calculations.)

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