Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: Unit sales price Unit variable costs M $11 6 N $ 8 5 O $9 8 Total fixed costs are $530,000. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is: Multiple Choice 0 $28.00 0 $ 9.33 $31.00 O $59.00. Barclay Enterprises manufactures and sells three distinct styles of bicycles: the Youth model sells for $400 and has a unit contribution margin of $155; the Adult model sells for $950 and has a unit contribution margin of $500; and the Recreational model sells for $1,100 and has a unit contribution margin of $550. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,600,000, calculate the firm's selling price per composite unit. 1 0 $1,505. 0 $17,150. 0 $10,075. 0 $2,350. 0 $14,800