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Determine variable cost per sales dollar

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Reference no: EM133138273

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.

Reference no: EM133138273

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