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The Duchess Bakery makes and sells fresh cookies. If the cookies sell for $1.60 each and they cost $0.85 to make plus an additional 20%

The Duchess Bakery makes and sells fresh cookies. If the cookies sell for $1.60 each and they cost $0.85 to make plus an additional 20% of the selling price for selling and administrative variable costs, the variable cost per cookie is (rounded): a. $0.55 b. $1.06 c. $0.92 d. $1.17

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