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Crane Company makes radios that sell for $30 each. For the coming year, management expects fixed costs to total $122.760 and variable costs to be
Crane Company makes radios that sell for $30 each. For the coming year, management expects fixed costs to total $122.760 and variable costs to be $24 per unit. (a) Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point $ (b) Compute the margin of safety ratio assuming actual sales are $880,000. (Round margin of safety ratio to 2 decimal places, es. 10.50) Margin of safety X Ic) Compute the sales dollars required to earn net income of $117.240. Required sales $
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