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Gibson Company incurs annual fixed costs of $50,415. Variable costs for Gibson's product are $26.80 per unit, and the sales price is $40.00 per unit.
Gibson Company incurs annual fixed costs of $50,415. Variable costs for Gibson's product are $26.80 per unit, and the sales price is $40.00 per unit. Gibson desires to earn an annual profit of $57,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. Note: Do not round intermediate calculations. Round your final answers to the nearest whole number
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