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please show work Cam, Inc. currently sells widgets for $80 per unit. The variable cost is $30 per unit and total fixed costs equal $240,000
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Cam, Inc. currently sells widgets for $80 per unit. The variable cost is $30 per unit and total fixed costs equal $240,000 per year. Sales are currently 20,000 units annually. 3. Required: Calculate the contribution margin ratio (round your answer to xx.x %). b. Calculate break-even in units c. Calculate the break-even in sales dollars. d. Calculate the current operating income assuming no income taxes. e. The company is considering a 20% drop in selling price that it believes will raise units sold by 20%. Assuming all costs stay the same, what is the impact on income if this change is madeStep by Step Solution
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