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Lakers Company produces two products, X and Y. The followinginformation is presented for both products: Total fixed costs are $234,000. Lakers Company plans to sell

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Lakers Company produces two products, X and Y. The followinginformation is presented for both products: Total fixed costs are $234,000. Lakers Company plans to sell 21,000 units of product X and 7,000 units of product Y. Compute: a. Contribution margin for each product b. Current net income

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