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Last month, Laredo Company sold 590 units for $95 each. During the month, fixed costs were $6,536 and variable costs were $57 per unit. Required:

Last month, Laredo Company sold 590 units for $95 each. During the month, fixed costs were $6,536 and variable costs were $57 per unit.

Required:

1. Determine the unit contribution margin and contribution margin ratio.

2. Calculate the break-even point in units and sales dollars. Note: Round your answers to the nearest whole number.

3. Compute Laredos margin of safety in units and as a percentage of sales. Note: Round your intermediate calculations to the nearest whole number. Round your percentage answer to 4 decimal places. (i.e. 0.123456 should be entered as 12.3456%).

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