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Last year, a company sold 1,000 units of its product. The selling price for each unit was $300, variable costs were $80 per unit and
Last year, a company sold 1,000 units of its product. The selling price for each unit was $300, variable costs were $80 per unit and fixed costs were $200,000 for the year. What were the company's total variable costs for the year?
a. $300,000
b. $120,000
c. $280,000
d. $80,000
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