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could you please solve this Q stepby step for the blanks you may chooes from the list below Ten Toes produces sports socks. The company
could you please solve this Q stepby step
for the blanks you may chooes from the list below
Ten Toes produces sports socks. The company has fixed expenses of $100,000 and variable expenses of $1.00 per package. Each package sells for $2.00 Requirements 1. Compute the contribution margin per package and the contribution margin ratio. 2. 2 Find the breakeven point in units and in dollars. 3. Find the number of packages Ten Toes needs to sell to earn a $23,000 operating income Requirement 1. Compute the contribution margin per package and the contribution margin ratio Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package. (Enter the amount to the nearest cent) Contribution margin per unit The contibution margin per package is s The contribution margin per package is Compute the contribution margin ratio. (Enter the ratio in decimal format rounded to two decimal places.) Begin by identifying the formula to compute the contribution margin ratio Contribution margin ratio = The contribution margin ratio isStep by Step Solution
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