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I need help solving this problem about Jellico Inc. Break-Even Units, Contribution margin Ratio, Multiple-product Breakeven, Margin of Safety, Degree of Operating leverage Jellico Inc.'s
I need help solving this problem about Jellico Inc.
Break-Even Units, Contribution margin Ratio, Multiple-product Breakeven, Margin of Safety, Degree of Operating leverage Jellico Inc.'s projected operating income (based on sales of 450,000 units) for the coming year is as follows ; Total Sales $ 12,150,000 Total variable cost 7,047,000 Contribution margin $ 5,103,000 Total fixed cost 2,985,822 Operating income $ 2,117,178 Required: 1(a). Compute variable cost per unit. Enter your answer to the nearest cent. per unit 1(b). Compute contribution margin per unit. Enter your answer to the nearest cent per unit 1(c). Compute contribution margin ratio. 1(d). Compute break-even point in units. unitsStep by Step Solution
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