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Brooks Company manufactures a product that sells for $50 per unit. Brooks incurs a variable cost per unit of S35 and $2,400,000 in total fixed
Brooks Company manufactures a product that sells for $50 per unit. Brooks incurs a variable cost per unit of S35 and $2,400,000 in total fixed costs to produce this product. It is currently selling 200,000 units Instructions: Complete each of the following requirements: (a) Write out the total cost equation for Brooks Co. (b) Write out the profit equation for Brooks Co. (c) Calculate net income for Brooks Co. by preparing a CM format Income Statement
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