A benchmark index has three stocks priced at $23, $43, and $56. The number of outstanding shares for each is 350,000 shares, 405,000 shares, and 553,000 shares, respectively.
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A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs. $18,000; and fixed costs, $16,000. The variable costs expected if the company produces and sells 16,000 units is: 48,000 64,000 40,000 24,000 18,000
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