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please help me solve whole problem Instructions Suppose that Larimer Company sells a product for $20. Unit costs are as follows: Direct materials Direct labor
please help me solve whole problem
Instructions Suppose that Larimer Company sells a product for $20. Unit costs are as follows: Direct materials Direct labor Variable factory overhead Variable selling and administrative expense 1.05 $2.10 1.25 2.00 Total foxed factory overhead is $56,590 per year, and total fixed selling and administrative expense is $38,610. Required: 1. Calculate the variable cost per unit and the contribution margin per unit. 2. Calculate the contribution margin ratio and the variable cost ratio. 3. Calculate the break-even units. 4. Prepare a contribution margin income statement at the break-even number of units. Enter all amounts as positive numbersStep by Step Solution
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