Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2.

Unit price and cost data are: M N O Unit

sales price $ 12 $ 10 $ 11

Unit variable costs 7 6 9

Total fixed costs are $529,000.

The selling price per composite unit for the current sales mix (rounded to the nearest cent) is:

$35.00.

$33.00.

$46.00.

$68.00.

$ 11.00.