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Kim Action Toys makes a product with a selling price of $10. Variable costs are $8. Fixed costs are $500. The company is considering RAISING

Kim Action Toys makes a product with a selling price of $10. Variable costs are $8. Fixed costs are $500. The company is considering RAISING the selling price to $11. By computing the contribution ratio under EACH INDEPENDENT SITUATION. Answer the following problems. What is the dollar sales volume required for Kim Action Toys to break-even using the proposed selling price? A. $10,000

b. $13,650 c. $1,832 d.$2,500

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