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As before, the Khalid Company manufactures and sells Paso-the-Salsa, which is a bottled condiment used on a variety of foods. Each bottle is sold for
As before, the Khalid Company manufactures and sells Paso-the-Salsa, which is a bottled condiment used on a variety of foods. Each bottle is sold for $6. The company recently had the following costs to produce and sell 12,000 units of its product during August: Answer the questions below using the data above (along with the appropriate variable cost and fixed cost classifications and calculations from the previous Participation Exercise). Question 1 3p Use the company's initial data (i.e. disregard the changes in the previous Participation Exercise) for the next two questions. What is the company's break even point (in units)? As needed, round your final answer to the nearest whole unit. What is the product's contribution margin ratio? 46.6% 58.3% 30.0% 52.3% None of the above
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