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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 $ each. Variable costs per unit are $ and annual fixed costs are $
Gibson desires to earn a profit of $
Required
a Use the equation method to determine the breakeven point in units and dollars.
b Determine the sales volume in units and dollars required to earn the desired profit.
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