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The following costs have been estimated based on sales of 33,400 units: Total Annual Percent That Is Costs Variable Direct materials $ 449,600 100%

The following costs have been estimated based on sales of 33,400 units: Total Annual Percent That Is Costs Variable Direct materials $ 449,600 100% Direct labor 297,600 100% Manufacturing overhead 284,000 50% Selling and administrative 184,000 25% What selling price (rounded to two decimal places) will yield a contribution margin of 40%? Multiple Choice

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