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Phan Incorporated has annual fixed costs totaling $6,000,000 and variable costs of $350 per unit. Each unit of product is sold for $500. Required: a.

Phan Incorporated has annual fixed costs totaling $6,000,000 and variable costs of $350 per unit. Each unit of product is sold for $500.

Required: a. Calculate the contribution margin per unit. b. Find the break-even point in units. c. How many units must be sold to earn an annual profit of $750,000?

Include any references use.

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