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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 20,700 . The total production costs incurred were $30,500. What are the fixed costs per month? $16,100 $18,080 $14,400 $6500

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