Problem

Determining fixed and variable cost per unitLandry Corporation produced and sold 12,000 un...

Determining fixed and variable cost per unit

Landry Corporation produced and sold 12,000 units of product during October. It earned a contribution margin of $96,000 on sales of $336,000 and determined that cost per unit of product was $25.

Required

Based on this information, determine the variable and fixed cost per unit of product.

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