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Shine Jewelry sells 400 units resulting in $7,000 of sales revenue, $3,000 of variable costs,...

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Question

Accounting

Shine Jewelry sells 400 units resulting in $7,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. Calculate the variable cost per unit.


Select one:
a. $11.00
b. $10.00
c. $7.00
d. $7.50

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