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Lucent Manufacturing Company makes a product that it sells for $67 per unit. The company incurs variable manufacturing costs of $15 per unit. Variable selling

Lucent Manufacturing Company makes a product that it sells for $67 per unit. The company incurs variable manufacturing costs of $15 per unit. Variable selling expenses are $17 per unit, annual fixed manufacturing costs are $191,000, and fixed selling and administrative costs are $283,950 per year. Required: Determine the break-even point in units and dollars using each of the following approaches: a. Equation method.

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