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CVP ANALYSIS! A local backpack manufacturer sells backpacks for $55 each and has a contribution margin ratio of 30%. The company's fixed costs are $300,000
CVP ANALYSIS! A local backpack manufacturer sells backpacks for $55 each and has a contribution margin ratio of 30%. The company's fixed costs are $300,000 per year. What are the variable costs per backpack? Calculate the breakeven point in units and in sales dollars. What sales level in units and in sales dollars is required to earn an annual profit of $80,000
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