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Lifestyle Colours Company has operating income of $ 7 5 , 0 0 0 , fixed costs of $ 5 0 , 0 0 0

Lifestyle Colours Company has operating income of $75,000, fixed costs of $50,000, a contribution margin of $5.00 per unit, and a contribution margin ratio of 0.4.
What is Lifestyle Colors' variable cost per unit? Note: Round your answer to 2 decimals.
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