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Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N OUnit sales price$14

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

M N OUnit sales price$14 $10 $13Unit variable costs 7 6 10

Total fixed costs are $449,500. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is:

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