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Luke Danes Company is a retailer of hammers. Luke Danes pays $4.75 for each hammer and sells them for $8.00. Monthly fixed costs are $26,000.

Luke Danes Company is a retailer of hammers. Luke Danes pays $4.75 for each hammer and sells them for $8.00. Monthly fixed costs are $26,000. The hammer cost is the only variable cost, What is the contribution margin per unit? What is the break-even point in units? How many units will Luke Danes need to sell to earn target profit of $13,000?

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