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Cohen Company produces and sells socks. Variable costs are $6 per pair, and fixed costs for the year total $75,000. The selling price is $10
Cohen Company produces and sells socks. Variable costs are $6 per pair, and fixed costs for the year total $75,000. The selling price is $10 per pair Required: 1. Calculate the breakeven point in units. Breakeven point units 2. Calculate the breakeven point in sales dollars. Breakeven point in sales dollars 3. Calculate the units required to make a before-tax profit of $40,000 Units required 4. Calculate the sales in dollars required to make a before-tax profit of $35,000. (Do not round intermediate calculations.) Sales in dollars 5. Calculate the sales, in units and in dollars, required to make an after-tax profit of $25,000 given a tax rate of 30%. (Do not round intermediate calculations. Round sales in units up to the nearest whole number and sales in dollars to the nearest whole dollar.) Sales in units Sales in dollars
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