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Hello! I need some help figuring out this problem for accounting. Please show the work or steps needed to solve the problem because I would
Hello! I need some help figuring out this problem for accounting. Please show the work or steps needed to solve the problem because I would like to look back it and use it as a guide for future problems that are similar to this one. Thank you so much! (You may need to open up the photo in a new tab or zoom in a bit since I couldn't really crop the photo properly, so I apologize for that). The red number is just so I know which question the problem corresponds to and it is not a part of the problem.
Assume the following (1) sales =$200,000,(2) unit sales =10,000,(3) the contribution margin ratio =42%, and (4) net operating income =$10,000. Given these four assumptions, which of the following is true? a) The total fixed expenses =$74,000 b) The total variable expenses =$84,000 c) The total contribution margin =$116,000 d) The break-even point is 6,875 unitsStep by Step Solution
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