E22-4 Baker Breakfast Co. produces frozen bagels. The company has fixed expenses of $63,000, and variable expenses

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E22-4 Baker Breakfast Co. produces frozen bagels. The company has fixed expenses of $63,000, and variable expenses of $1.10 per package. Each package sells for $2.00. Required 1. Compute the contribution margin per package and the contribution margin ratio. 2. Determine the breakeven point in units and in dollars, using the contribution margin approach.

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