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1. Madison Company sells Product Z for $125. VC/unit are $55 and FC are $560,000 a. What is the CM/unit? b. What is the BE

image text in transcribed 1. Madison Company sells Product Z for $125. VC/unit are $55 and FC are $560,000 a. What is the CM/unit? b. What is the BE in units? c. What is the CM Ratio? d. Using the CM Ratio, what is the BE in dollars 2. Lucy Company's information is as follows: SP: $140; VC/Unit: $105; FC: $455,000 a. What is the CM/Unit? b. What is the CM Ratio? c. What is the BE in Sales Units? Sales dollars? d. If Morrison would like a NI of $140,000, how many units must they sell? 3. Summit, Inc. expects sales of $650,000. If BE in sales dollars is $390,000: a. What is their Margin of Safety? What does this mean? b. What is their Margin of Safety Ratio? What does this mean

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