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please show work Break-Even and Contribution Analysis Charleston Recordings Inc. (CRI) produces music CDs and other music products. It distributes CDs at a selling price
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Break-Even and Contribution Analysis Charleston Recordings Inc. (CRI) produces music CDs and other music products. It distributes CDs at a selling price of $9.00/CD to retailers. The CD retailers normally keep a margin of 40%. The following cost information pertains to the new music CD that the company plans to market: CD package and disc $12,500 (per 10,000) Songwriters' royalties $3,500 (per 10,000) Recording artists' royalties $10,000 (per 10,000) Advertising and promotion $313,000 CRI's overhead $295,000 Based on the above information, calculate the following: a. Retail price per CD 1 IF b. CRI's unit contribution and contribution margin c. CRI's breakeven volume in units and dollars Page 1 of 4 684 words Focus + 109 Step by Step Solution
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