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PROBLEM #3 Last month when Johnson, Inc., sold 50,000 units, total sales were $400,000, total variable expenses were $150.000, and fixed expenses were $80,000 Required:

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PROBLEM #3 Last month when Johnson, Inc., sold 50,000 units, total sales were $400,000, total variable expenses were $150.000, and fixed expenses were $80,000 Required: 1. What is Johnson's contribution margin (CM) 2. What is Johnson's CM ratio? 3. Calculate Johnson's break-even in units and dollars ($)

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