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Gardenia Corp. has a selling price of $15, fixed costs of $25,000, and contribution margin...

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Question

Accounting

Gardenia Corp. has a selling price of $15, fixed costs of $25,000, and contribution margin of $65,000. If Gardenia sells 13,000 units, how much are variable costs per unit?

a. $2.00

b. $10.00

c. $7.00

d. $5.00

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