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PLEASE HELP ASAP IN ACCOUNTING. THANK YOU Summer Company sells a product with a contribution margin ratio of 10%. Fixed costs are $345 per month.
PLEASE HELP ASAP IN ACCOUNTING. THANK YOU
Summer Company sells a product with a contribution margin ratio of 10%. Fixed costs are $345 per month. What amount of sales (in dollars) must Summer Company have to break even? If each unit sells for $30, how many units must be sold to break even? Begin by showing the formula and then entering the amounts to calculate the sales in dollars Summer must have to break even. (Abbreviation used: CM = contribution margin. Complete all input boxes. Enter a "0" for items with a zero value.) = Required sales in dollars Now show the formula and enter the amounts to calculate the units Summer must sell to break even. (Abbreviation used: CM = contribution margin. Round your answer to the nearest whole unit.) = Required sales in unitsStep by Step Solution
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