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Company XYZ manufactures and sells a product with the following details: Selling Price per unit: $100 Variable Cost per unit: $60 Fixed Costs: $30,000 Calculate
Company XYZ manufactures and sells a product with the following details:
- Selling Price per unit: $100
- Variable Cost per unit: $60
- Fixed Costs: $30,000 Calculate the following: a) Contribution Margin per unit b) Break-Even Point in units and dollars c) Number of units the company needs to sell to achieve a target profit of $20,000 Analyze the results and provide recommendations to the company regarding pricing and production strategies.
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