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Problem-2 In the month of June, Doe Company sold 400 widgets. The average sales price was $24. During the month, fixed costs were $4,320 and
Problem-2 In the month of June, Doe Company sold 400 widgets. The average sales price was $24. During the month, fixed costs were $4,320 and variable costs were 40% of sales. Instructions A. Determine the contribution margin in dollars, per unit, and as a ratio. B. Compute the break-even point in units and dollars. C. How much are total variable costs at breakeven
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