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Acme Co. has designed a new product, XYZ7, whose variable cost is $145.30 per unit and that requires 5.00 minutes of the constrained resource.

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Acme Co. has designed a new product, XYZ7, whose variable cost is $145.30 per unit and that requires 5.00 minutes of the constrained resource. The opportunity cost is $70.00 per minute used of the constrained resource. Required: What should the minimum selling price for XYZ7 be?

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