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Gibson Corporation produces products that it sells for $ 1 5 each. Variable costs per unit are $ 7 , and annual fixed costs are

Gibson Corporation produces products that it sells for $15 each. Variable costs per unit are $7, and annual fixed costs are $173,600.
Gibson desires to earn a profit of $24,800.
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.
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