Question
LMN Corporation manufactures a product with a selling price of $120 per unit. The variable cost per unit is $70, and the fixed costs are
LMN Corporation manufactures a product with a selling price of $120 per unit. The variable cost per unit is $70, and the fixed costs are $200,000 per quarter. Calculate the contribution margin ratio, the break-even point in units, and the break-even point in sales revenue for the company.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
