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8th: L Company produces sweaters with a particular professional football team's logo on them. The sirm sold 3,000 sweaters last month at a selling price

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8th: L Company produces sweaters with a particular professional football team's logo on them. The sirm sold 3,000 sweaters last month at a selling price of $40 each. Variable and fixed costs are as follows: a. Prepare a contribution margin income statement for last month. b. Determine L Company's contribution margin per unit and contribution margin ratio. c. Determine L Company's monthly breakeven in units and dollars. d. Determine L Company's margin of safety in units and dollars. e. Determine the amount of sales in units and dollars that L Company would have to generate to. earn a monthly profit of $6,500. f. If the firm expects to make and sell 3,200 sweaters next month at the $40 price with the usual $25,000 fixed cost, what variable cost per unit would be needed to generate a desired monthly profit of $8,500? g. Go back to the original problem. If competitive pressures force the company to drop its selling price to $38 per unit, how many units would it have to sell just to breakeven

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