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A single product is made by Origins, Inc. The company's November 2018 income statement is below. Sales $60,000 Less variable expenses (25,000) Contribution margin 35,000
A single product is made by Origins, Inc. The company's November 2018 income statement is below.
Sales $60,000 Less variable expenses (25,000) Contribution margin 35,000 Less fixed expenses (10,500) Net income $ 24,500
Required:
a. Contribution margin percent is ________ % b. Breakeven point in total sales dollars is $ ________
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