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

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	$	11		$	8		$	9
Unit variable costs		6			5			8

Total fixed costs are $530,000. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is:

Total fixed costs are $530,000. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is: