Question: Philips has variable costs of $12 per unit and fixed costs of $6,000,000. If Philips produces 200,000 units, calculate the total cost and the cost

Philips has variable costs of $12 per unit and fixed costs of $6,000,000. If Philips produces 200,000 units, calculate the total cost and the cost per unit. Prepare the balance sheet after the formation of the partnership.

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