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Last Chance Gaming manufactures slot machines that are sold to individuals for $ 5 6 0 each. Fixed operating costs are $ 6 0 4
Last Chance Gaming manufactures slot machines that are sold to individuals for $ each. Fixed operating costs are $ and each machine's variable cost is percent of its selling price.
a What is the firm's operating breakeven point? Round your answer to the nearest dollar.
$
b What is the firm's degree of operating leverage at sales equal to i machines and ii machines? Do not round intermediate calculations. Round your answers to two decimal places.
DOL at sales equal to machines:
DOL at sales equal to machines:Last Chance Gaming manufactures slot machines that are sold to individuals for $ each. Fixed operating costs are $ and each machine's variable cost is percent of its selling price.
What is the firm's operating breakeven point? Round your answer to the nearest dollar.
$
What is the firm's degree of operating leverage at sales equal to i machines and ii machines? Do not round intermediate calculations. Round your answers to two decimal places.
DOL at sales equal to machines:
DOL at sales equal to machines:
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