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Happy Feet produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $0.80 per package. Each package sells for $1. Begin

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Happy Feet produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $0.80 per package. Each package sells for $1. Begin by identifying the formula to compute the breakeven sales in units using the contribution margin approach. ( Fixed expenses + Operating income ) Contribution margin per unit = Breakeven sales in units The breakeven point in units is Find the breakeven point in dollars using the contribution margin approach. Begin by identifying the formula to compute the breakeven point in dollars. )=Breakevensalesindollars The breakeven point in dollars is Requirement 3. Find the number of packages Happy Feet needs to sell to earn a $25,000 operating income. The number of packages to achieve an operating income of $25,000 is

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