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Question - Norm Inc. is analyzing its 2021 results for one of its products, Macz. A competitor to Macz has released partial data for a product that competes with the MacZ. The competitor's data for 2020 and 2021 follows:
Year
FY2020
FY2021
Revenues
$500,000
$610,000
CGS
$175,000
$205,000
Use the high-low method to determine variable cost per sales dollar. Round your final solution to the nearest $0.01.
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