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CVP question The Young Manufacturing Company produces the following three products: Fixed costs are $76,000 per year. Fifty percent of all sales in units are
CVP question
The Young Manufacturing Company produces the following three products: Fixed costs are $76,000 per year. Fifty percent of all sales in units are hammers, 30 percent are screwdrivers, and 20 percent are saws. Required: Calculate the breakeven point in total number of packages. Calculate the number of hammers that will be sold at breakeven. Calculate total dollar sales to obtain an operating income of $19,000. Prepare a contribution margin income statement, including a column for each product and a column for the company as a whole based on a target operating income of $19,000
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