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Capital Grill has budgeted the following costs for a month in which 2,500 Colby Steak dinners will be produced and sold: Materials, $5,580; hourly labor, $5,400; rent, $1,300; depreciation, $500; and other fixed costs, $1,000. Each Colby Steak dinner sells for $22.00 each.
What is the budgeted total variable cost?
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