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Last year, a battery manufacturing company in Toronto incurred a loss of $588,000.00 by producing and selling 37,000 batteries. If their total revenue for the
Last year, a battery manufacturing company in Toronto incurred a loss of $588,000.00 by producing and selling 37,000 batteries. If their total revenue for the year was $15,000,000.00 and the break-even volume of the plant is 64,500 batteries, calculate: (Question relates to MAthematcis of Business and Finance)
a. The selling price of each battery _____________ Round to the nearest cent
b. The variable costs for each battery ______________ Round to the nearest cent
c. The fixed costs for the period _____________ Round to the nearest cent
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