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Hello! Can you please help me solve this problem? Thanks! Multiple Product Planning with Taxes In the year 2008, Wiggins Processing Company had the following

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Hello! Can you please help me solve this problem? Thanks!

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Multiple Product Planning with Taxes In the year 2008, Wiggins Processing Company had the following contribution income statement: WIGGINS PROCESSING COMPANY Contribution Income Statement For the Year 2008 Sales $1,000,000 Variable costs Cost of goods sold $460,000 Selling and administrative 200,000 (660,000) Contribution margin 340,000 Fixed Costs Factory overhead 192,000 Sellingandadministrative 80,000 (272,000) Before-tax p rot 68,000 Income taxes (38%) (25,840) After-tax p rot $42,160 HINT: Round the contribution margin ratio to two decimal places for your calculations below. (a) Determine the annual break-even point in sales dollars. $0 (b) Determine the annual margin of safety in sales dollars. $ 0 (c) What is the break-even point in sales dollars if management makes a decision that increases xed costs by $34,000? 0

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