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can you check that answer? Klinken Corporation's contribution margin ratio on the sale of its most popular product is 40%. The product is priced at
can you check that answer?
Klinken Corporation's contribution margin ratio on the sale of its most popular product is 40%. The product is priced at $81, annual fixed expenses are $805,000. Management is evaluating two options: (1) lowering variable costs by 20% and (2) reducing fixed expenses by 20%. Required: Calculate the current level of break-even sales in dollars, as well as the break-even sales for the two options. (Do not round intermediate calculations. Round your onswers to the nearest whole dollar amount.) Step by Step Solution
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