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During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $11 each. Fixed costs amounted to $500,000 and pretax
During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $11 each. Fixed costs amounted to $500,000 and pretax income was $700,000. What amount should have been reported as variable costs per unit? DON'T USE COMMA SEPARATORS
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