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Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold 480 750 960 Total
Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold 480 750 960 Total costs Variable costs $117,120 $ ? Fixed costs per year ? ? ?? Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. ??? ? $517.75 222 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the the company sells each bike for $720. 4. Calculate Hermosa's break-even point in units and sales revenue. Complete this question by entering your answers in the tabs below
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