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Karama Co., a manufacturer of wood chairs, had the following data for 2020: Sales 2,600 units Sales price 50 JOD per unit Variable costs 30
Karama Co., a manufacturer of wood chairs, had the following data for 2020: Sales 2,600 units Sales price 50 JOD per unit Variable costs 30 JOD per unit Fixed costs 24,000 JOD Instructions a) What is the contribution margin ratio? b) What is the break-even point in Dinar? ) What is the margin of safety in Dinars and as a ratio? d) If the company wishes to increase its total Dinar contribution margin by 30% in 2021, by how much will it need to increase its sales if all other factors remain constant
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