Multiple Products; Break-Even Point; Desired Profit. Ace Company incurs fixed costs of $60,000 per year. Its variable

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Multiple Products; Break-Even Point; Desired Profit. Ace Company incurs fixed costs of $60,000 per year. Its variable costs average 75 percent of sales. Calculate:

a. Break-even sales.

b. Sales required to earn a profit of $50,000.

c. Sales required to earn a 10 percent return on sales.

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Managerial Accounting

ISBN: 9780759314078

6th Edition

Authors: Pierre L. Titard

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