Problem:
A project has earnings before interest and taxes of $14,600, fixed costs of $52,000, a selling price of $29 a unit, and a sales quantity of 16,000 units. All estimates are accurate within a plus/minus range of 3 percent. Depreciation is $12,000.
Required:
Question: What is the base case variable cost per unit?
Note: Explain all steps comprehensively.