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Froot Loop Inc., a cereal manufacturer, has variable costs of $0.60 per unit of product. In May, the volume of production was 24.000 units, and

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Froot Loop Inc., a cereal manufacturer, has variable costs of $0.60 per unit of product. In May, the volume of production was 24.000 units, and units sold were 20,200. The total production costs incurred were $30,500. What are the fixed costs per month? $16,100 $6500 $14.400 $18,380

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