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McKee Corporation has annual fixed costs of $12 million. Its variable cost ratio ( VC/P ) is .70. 1. Determine the companys break-even dollar sales

McKee Corporation has annual fixed costs of $12 million. Its variable cost ratio ( VC/P ) is .70.

1. Determine the companys break-even dollar sales volume ( 4 points)

2. Determine the dollar sales volume required to earn a target profit of $8 million (4.5 points)

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