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Gibson Company reported the following data geding the product Sales price $40 Contribution margin ratio 10 Fixed costs $120,000 Required Consider each requirement separately. a.
Gibson Company reported the following data geding the product Sales price $40 Contribution margin ratio 10 Fixed costs $120,000 Required Consider each requirement separately. a. What is the break-even point in dollars? In units? b. To obtain a profit of $60,000, what must the sales be in dollar? In uni c. If the sales price increases to $60 and variable costs do not change is the new break-even point in dollars? In units? YOU MUST SHOW YOUR WORK TO
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