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PART III - COST-VOLUME-PROFIT (8 points) Walton Widgets manufactures a product that sells for $40 per unit. Walton incurs a variable cost per unit of

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PART III - COST-VOLUME-PROFIT (8 points) Walton Widgets manufactures a product that sells for $40 per unit. Walton incurs a variable cost per unit of $24 and $1,400,000 in total fixed costs to produce this product. It is currently selling 92,000 units. Instructions: Complete each of the following requirements, presenting labeled supporting computations. (d) Compute the margin of safety and margin of safety ratio. (h) Prepare a CVP income statement for the company, ass by 10% come statement for the company, assuming that sales revenue decreases

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