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A company makes a single product, which sells for $24 per unit. Fixed costs are $32,000 per month, and the contribution margin is 0.20 (20%).
A company makes a single product, which sells for $24 per unit. Fixed costs are $32,000 per month, and the contribution margin is 0.20 (20%). Sales revenue for the month was $132,000. What is the contribution per unit? (keep one digit after the decimal).
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