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Happy Feet produces sports socks. The company has fixed expenses of $110,000 and variable expenses of $1.10 per package. Each package sells for $2.20. 1.
Happy Feet produces sports socks. The company has fixed expenses of $110,000 and variable expenses of $1.10 per package. Each package sells for $2.20.
1. | Compute the contribution margin per package and the contribution margin ratio. |
2. | Find the breakeven point in units and in dollars. |
3. | Find the number of packages Happy Feet needs to sell to earn a $27,500 operating income. |
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