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Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $70 per unit, of which $37 is product cost

Crescent Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $70 per unit, of which $37 is product cost and $33 is selling and administrative expenses. In addition, the total cost of $70 is made up of $43 variable cost and $27 fixed cost. The desired profit is $10 per unit.

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