Madison Corporation Sells Three Products (M, N, and O) in the Following

Multiple Choice

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are:
Total fixed costs are $340,000. The selling price per composite unit for the current sales mix (rounded to the nearest cent) is:

A) $17.00.
B) $ 5.67.
C) $20.00.
D) $37.00.
E) $25.00.