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Question 10 (3 points) The Axle Division of Car Company makes and sells only one product. Annual data on that product follow: Unit selling

Question 10 (3 points) The Axle Division of Car Company makes and sells only one product. Annual data on that product follow: Unit selling price Unit variable cost Total fixed costs Average operating assets Minimum required rate of return Required: $50 $30 $200,000 $750,000 12% If Axle sells 15,000 units per year, what would be the residual income?

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