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Problem # 13 Steelers Company sells a single product. Steelers has excess capacity. A recent CVP income statement is below. Sales (10,000 units) Less: Variable
Problem # 13 Steelers Company sells a single product. Steelers has excess capacity. A recent CVP income statement is below. Sales (10,000 units) Less: Variable Costs =Contribution Margin Minus Fix Costs Equals net Income $400,000 220,000 180,000 100,000 80,000 Show your calculations! 1. Contribution Margin per unit at this sales level is $ 2. Breakeven in sales dollars is $. 3. If sales double, variable costs will be $. 4. Prepare a CVP income statement in good form at 18,000 units sold
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