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Bread and Butter Bakers just received notice of a large price increase in their flour due to a wheat shortage. This increase will bring
Bread and Butter Bakers just received notice of a large price increase in their flour due to a wheat shortage. This increase will bring the variable cost per loaf up to $2.75 from $1.85 per loaf with a selling price of $5.00 per loaf. Bread and Butter has fixed monthly expenses of $18,000. They have budgeted to sell 7,500 loaves of bread per month. What will they show for a net profit(loss)? $1,125 net loss $2,625 net profit $5,625 net profit
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