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During the slow moving economic period, Shark Company sells only one product for $10 per unit, variable production costs are $3 per unit, and selling
During the slow moving economic period, Shark Company sells only one product for $10 per unit, variable production costs are $3 per unit, and selling and administrative costs are $1.50 per unit. Fixed costs for 10,000 units are $5,000. The operating income is ________.
$6.50 per unit | ||
$6.00 per unit | ||
$5.50 per unit | ||
$5.00 per unit |
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