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Exercise 3-1A (Algo) Equation method LO 3-1 Solomon Corporation produces products that it sells for $12 each. Variable costs per unit are $4, and
Exercise 3-1A (Algo) Equation method LO 3-1 Solomon Corporation produces products that it sells for $12 each. Variable costs per unit are $4, and annual fixed costs are $172,800. Solomon desires to earn a profit of $20,000. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a. Break-even point in units a. Break-even point in dollars b. Sales volume in units b. Sales in dollars
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