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XYZ Co manufactures a single product that has a selling price of $110. The variable labor cost is $40 per unit and the material cost

XYZ Co manufactures a single product that has a selling price of $110. The variable labor cost is $40 per unit and the material cost is $35 per unit. The company's fixed expenses are $75,000 per month. What is net income if the company sells 4,000 units during the month. Show your work.

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