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Problem 9-22 Accounting Break-Even Samuelson, Inc., has just purchased a $687,000 machine to produce calculators. The machine will be fully depreclated by the straight-line method
Problem 9-22 Accounting Break-Even Samuelson, Inc., has just purchased a $687,000 machine to produce calculators. The machine will be fully depreclated by the straight-line method over Its economic life of slx years and will produce 48,000 calculators each year. The varlable production cost per calculator is $10, and total fixed costs are $995,000 per year. The corporate tax rate for the company is 35 percent For the firm to break even In terms of accounting profit, how much should the firm charge per calculator? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.) Break-even price $
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