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Lucid Motors produces electric vehicles with a variable cost of $30 per unit and fixed costs of $15,000,000. If Lucid Motors produces 500,000 units, calculate
Lucid Motors produces electric vehicles with a variable cost of $30 per unit and fixed costs of $15,000,000. If Lucid Motors produces 500,000 units, calculate the total cost and the cost per unit. Prepare the balance sheet after the formation of the partnership.
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