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Gardenia Corp. has a selling price of $20, fixed costs of $23,500, and contribution margin of $46,000. If Gardenia sells 11,500 units, how much are

Gardenia Corp. has a selling price of $20, fixed costs of $23,500, and contribution margin of $46,000. If Gardenia sells 11,500 units, how much are variable costs per unit?

$2.00

$5.00

$7.00

$16

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