Set out below is the sales revenue and profit for 2023. Year Sales Profit 2023 464,820 146,522
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Set out below is the sales revenue and profit for 2023.
| Year | Sales | Profit |
| 2023 | 464,820 | 146,522 |
In 2023, the business manufactured and sold 104,000 units and had fixed costs of 121,370. All other costs were variable.
a.Calculate the selling price and variable cost per unit for 2023. (Answers should be to the nearest penny. Any figures used in further answers to this question should be rounded numbers.)
Expert Answer:
Selling Price can be computed by using the formula Sales Revenue Number of Units Sold Substit... View the full answer
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