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In the past year, Rex Inc sold 632 units of product. To make the product, Rex spent $3,409 on rent, $1,091 on electricity, $2,516 on
In the past year, Rex Inc sold 632 units of product. To make the product, Rex spent $3,409 on rent, $1,091 on electricity, $2,516 on materials, $244 on insurance, and $2,453 on labor What is Rex Inc's average variable cost for the past year? Round your answer to two (2) decimal places
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