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Phoenix Company produces a product that has a selling price of $12.00 and a variable cost of $9.00 per unit. The company's fixed costs are

Phoenix Company produces a product that has a selling price of $12.00 and a variable cost of $9.00 per unit. The company's fixed costs are $60,000. What is the breakeven point measured in sales dollars?

a.

$ 80,000

b.

$120,000

c.

$100,000

d.

$240,000

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