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undefined Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed Cost = $13,000 Material
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Cox Electric makes electronic components and has estimated the following for a new design of one of its products. Fixed Cost = $13,000 Material Cost per Unit = $0.19 Labor Cost per Unit = $0.15 Revenue per Unit = $0.65 Note that fixed cost is incurred regardless of the amount produced. Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue. If Cox Electric makes 45,600 units of the new product, what is the resulting profit (in whole dollars)? $Step by Step Solution
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