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give me the answer and calculation process 18-3 Wayman Company developed the following information for the product it sells: Sales price Variable cost of goods
give me the answer and calculation process
18-3 Wayman Company developed the following information for the product it sells: Sales price Variable cost of goods sold Fixed cost of goods sold Variable selling expense Variable administrative expense Fixed selling expense Fixed administrative expense $50 per unit $23 per unit $800,000 10% of sales price $2.00 per unt $400,000 $300,000 For the year ended December 31, 2010, Wayman Company produced and sold 100,000 units of product Instructions (a) Prepare a CVP income statement for Wayman Company for 2010 (b) What was the company's break-even point in units in 2010? Use the contribution margin technique (c) What was the company's margin of safety in dollars in 20101Step by Step Solution
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