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High-Low, Break-Even [LO 1, 2) Lancer Audio produces a high-end DVD player that sells for dollar1,300. Total operating expenses for the past 12 months are
High-Low, Break-Even [LO 1, 2) Lancer Audio produces a high-end DVD player that sells for dollar1,300. Total operating expenses for the past 12 months are as follows: REQUIRED Use the high-low method to estimate fixed and variable costs. Based on these estimates, calculate the break-even level of sales in units. (Round to the nearest whole unit.) Calculate the margin of safety for the coming August assuming estimated sales of 175 units. Estimate total profit assuming production and sales of 175 units
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