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please answer, will rate thumbs up!! Craig Company Inc. earns a contribution margin ratio of 36% on its main product is sold at $120 per
please answer, will rate thumbs up!!
Craig Company Inc. earns a contribution margin ratio of 36% on its main product is sold at $120 per unit. Assume that the annual break-even point is 80,000 units. Required: 1. Compute the annual total fixed costs. Annual fixed costs 2. What is the contribution margin for every unit sold beyond the break-even point? (Round your answer to 2 decimal places). Contribution margin per unit Trojan Limited is considering adding a new product to its range of merchandise. The product has the following prices and costs: Unit selling price $80.00 Unit variable cost $47.20 Total fixed costs per year $984,000 Income tax rate 40% How many units must Trojan sell to earn a targeted after-tax profit of $492,000? Multiple Choice 25,000 units O O 55,000 units O 45,000 units O 60,000 units 6,150 unitsStep by Step Solution
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