Artisan Leathers Company makes wallets which it sells for $36 apiece. The variable cost per wallet is
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Question:
Artisan Leathers Company makes wallets which it sells for $36 apiece. The variable cost per wallet is $10, and the company's total fixed costs are $125,000. Now, Artisan is considering changing its sales price per wallet from $36 to $40. How much does the company need in sales dollars to breakeven?
a $150,012
b $166,667
c $125,010
d $109,667
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