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Mason Kitchenware requires a 40% profit margin on the selling price of its jar openers. At a price of $20 per opener, the company

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Mason Kitchenware requires a 40% profit margin on the selling price of its jar openers. At a price of $20 per opener, the company expects to sell 10,000 openers. Total fixed costs are expected to be $20,000. How much is the target variable cost per jar opener? $10.00 $9.30 $7.70 $8.00 $10.30

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