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Grimes Company Incurred Fixed Costs of $310,000

Question 40

Multiple Choice

Grimes Company incurred fixed costs of $310,000.Total costs,both fixed and variable,are $480,000 when 50,000 units are produced.It sold 40,000 units during the year.Calculate the variable cost per unit.


A) $9.60
B) $4.25
C) $6.20
D) $3.40

Correct Answer:

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