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Given for Wicker Chair Co. Sales price per chair $52.00 Variable costs per chair $39.20 Fixed costs per month $78,336 A) Calculate the number of
| Sales price per chair | $52.00 |
|---|---|
| Variable costs per chair | $39.20 |
| Fixed costs per month | $78,336 |
A) Calculate the number of chairs that must be sold each month to break even.
B) Calculate the contribution margin ratio.
C) Calculate operating income if 7,200 chairs are sold in a month.
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
