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Last month, Laredo Company sold 530 units for $65 each. During the month, fixed costs were $4,342 and variable costs were $39 per unit. Required:
Last month, Laredo Company sold 530 units for $65 each. During the month, fixed costs were $4,342 and variable costs were $39 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales
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