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Questions 5,6 and 7 are based on the following contribution format income statement for last month when Hill Corp. made and sold 20,000 units. Sales

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Questions 5,6 and 7 are based on the following contribution format income statement for last month when Hill Corp. made and sold 20,000 units. Sales (20,000 units)... Variable Expense... Contribution Margin. Fixed Expense.... Net operating income.. $1,000,000 .600,000 400,000 250,000 ..150,000 How many units must be sold to achieve a target profit of $100,000? Numeric Response Sales (20,000 units).. Variable Expense... Contribution Margin.... Fixed Expense...... Net operating income. .$1,000,000 600,000 400,000 .250,000 .150,000 The break-even point in sales dollars is: Numeric Response Sales (20,000 units)............. Variable Expense.... Contribution Margin... Fixed Expense.. Net operating income.... $1,000,000 ...600,000 400,000 .250,000 ..150,000 If sales are 25,000 units, net income will be: Numeric Response

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