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Exercise 8-20 Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. The company has a desired ROI of

Exercise 8-20

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Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. The company has a desired ROI of 25%. It has invested assets of $54, 630,000. It anticipates production of 3,000 units per year. Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses

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