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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 current selling price?a. $13,650 b. $10,000 c.$1,832 d.$2,500

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