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please do all requirments Socks Unlimited produces sports socks. The company has foxed expenses of $85,000 and variable expenses of $1.20 per package. Each package
please do all requirments
Socks Unlimited produces sports socks. The company has foxed expenses of $85,000 and variable expenses of $1.20 per package. Each package sells for $200 Read the requirements Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by identfying the formula to compute the contribution margin per package. Then compute the contituution margin per package. (Enter the amount to the nearest cent) * Contrbution margin per unit Requirements 1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the breakeven point in units and in dollars 3. Find the number of packages Socks Unlimited needs to sell to earn a $22,000 operating income Step by Step Solution
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