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Portia Company is a retailer of hammers. Portia pays $4.30 for each hammer and sells them for $8.40. Monthly fixed costs are $24,600. The hammer
Portia Company is a retailer of hammers. Portia pays $4.30 for each hammer and sells them for $8.40. Monthly fixed costs are $24,600. The hammer cost is the only variable cost. Required: a. What is the contribution margin per unit? b. What is the break-even point in units? c. How many units will Portia need to sell to earn target profit of $27,060
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