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Froot Loop Inc., a cereal manufacturer, has variable costs of $0.40 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 $0.40 per unit of product. In May, the volume of production was 24,000 units, and units sold were 20,100 . The textal production costs incurred were $31,700. What are the fixed costs per month? $22,100 $23,660 $9600 $7700

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