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Managerial Accounting Exam Summer 2020 Stuffed Animals, Inc. has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming
Managerial Accounting Exam Summer 2020 Stuffed Animals, Inc. has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, Stuffed Animals, Inc. hopes to make a 25% profit on sales. Fixed costs are set at $51,000, and variable costs are $9.50 per unit. If teddy bears are sold at $15 each, how many bears must be sold to meet the profit goal? * a) 5,514 b) 9,273 C) 13,600 D) 29,143
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