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A Company has fixed costs of $40,000 and variable costs are 75% of the selling price. To realize profits of $10,000 from sales of 50,000

A Company has fixed costs of $40,000 and variable costs are 75% of the selling price. To realize profits of $10,000 from sales of 50,000 units. Required: The selling price per unit: a. must be $4.00 b. must be $1.00 c. must be $1.33 d. is indeterminable

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