Phan Incorporated has annual fixed costs totaling ($6,000,000) and variable costs of ($350) per unit. Each unit
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Phan Incorporated has annual fixed costs totaling \($6,000,000\) and variable costs of \($350\) per unit. Each unit of product is sold for \($500\).
Required
a. Calculate the contribution margin per unit.
b. Find the break-even point in units.
c. How many units must be sold to earn an annual profit of \($750,000\)?
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