Question
Bright Future Company sells a product for $50 per unit. The variable cost per unit is $20, and total fixed costs are $30,000. Calculate the
Bright Future Company sells a product for $50 per unit. The variable cost per unit is $20, and total fixed costs are $30,000. Calculate the contribution margin ratio and determine the sales needed to earn a target profit of $15,000.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
