What is the unit variable cost, Accounting Basics

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What is the unit variable cost

Question:

LM Enterprises produces a single part for sale. The part sells for $15.5 per unit. Fixed costs are $1,420,000 annually. Production and sales of 640,000 units annually results in profit before taxes of $2,420,000.

What is the unit variable cost?

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Accounting Basics: What is the unit variable cost

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