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Information concerning a product produced by Solomon Company appears as follows: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating
Information concerning a product produced by Solomon Company appears as follows: Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs $ 165 $ 89 $532,000 Required Determine the following: a. Contribution margin per unit. b. Number of units that Solomon must sell to break even. c. Sales level in units that Solomon must reach to earn a profit of $212,800. X Answer is complete but not entirely correct. a. Contribution margin per unit $ 76 b. Break-even in units 7,000 C. Required sales in units 8,369 X
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