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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 O Unit sales

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 $ 8 $ 6 $ 7 Unit variable costs 4 3 3 Total fixed costs are $340,000. The variable cost per composite unit for the current sales mix (rounded to the nearest cent) is:

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