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What is the variable cost of producing each glove

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Question - Hats, Inc. makes gloves and has calculated the average cost per unit of a production level of 14,500 gloves to be $5.00. If $21,750 of the total costs are fixed, what is the variable cost of producing each glove?

a. $3.50

b. $2.75

c. $3.20

d. $1.50

Reference no: EM132612337

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