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please post answers clearly. Solomon Company reported the following data regarding the product it sells: Sales price Contribution margin ratio Fixed costs 60 254 $360,000
please post answers clearly.
Solomon Company reported the following data regarding the product it sells: Sales price Contribution margin ratio Fixed costs 60 254 $360,000 Required Use the contribution margin ratio approach and consider each requirement separately, a. What is the break-even point in dollars? In units? b. To obtain a profit of $30,000, what must the sales be in dollars? In units? c. If the sales price increases to $75 and variable costs do not change, what is the new break-even point in dollars? In units? a. Break-even point in dollars Break-even point in units b. Sales in dollars Sales in units c. Break-even point in dollars Break-even point in units Step by Step Solution
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