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2. Use this information to answer questions: Fixed Expenses Rent $ 44,000 Utilities $ 40,000 Depreciation $6,500 Variable Expenses Cost of Goods Sold 34% of
2. Use this information to answer questions: Fixed Expenses Rent $ 44,000 Utilities $ 40,000 Depreciation $6,500 Variable Expenses Cost of Goods Sold 34% of sales Sales Commissions 15% of sales a. What is the company's contribution margin percentage? b. What is the break-even point in dollars? c. If the company wants to earn a profit of $35,000 instead of breaking even, what is the amount of sales the company must achieve?
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