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

Question 151

Multiple Choice

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: 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.
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.

Correct Answer:

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