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Problem 1 Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost Percentage

Problem 1 Consider each of the following situations independently. Fill in the blanks with the appropriate information.

1.

Units Sold

Total Sales

Variable Cost Percentage

Variable Cost per Unit

Contribution Margin per Unit

Total Fixed Costs

Net Income/

(Loss)

20,000

$360,000

$9.90

$40,000

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