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NEC Corporation has variable costs of $14 per unit and fixed costs of $7,000,000. If NEC Corporation produces 500,000 units, calculate the total cost and

NEC Corporation has variable costs of $14 per unit and fixed costs of $7,000,000. If NEC Corporation produces 500,000 units, calculate the total cost and the cost per unit. Prepare the balance sheet after the formation of the partnership.

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