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Radios setll for $50 each Fixed costs total $121,690 Variable Costs are $40 per unit I figured out the contribution margin/ unit is $10 per
Radios setll for $50 each
Fixed costs total $121,690
Variable Costs are $40 per unit
I figured out the contribution margin/ unit is $10 per unit
Break Even point is $608,450
Margin of Sfaety ratio assuming actual sales of $860,000 is 29.25%
I know the formula to calulate sales dollars required to earn net income of $248,310 (fixed costs + target net income divided by contribution margin ratio.
How do I find that contribution margin ratio?
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