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Remaining Time: 2 hours, 06 minutes, 28 seconds. Question Completion Status: Moving to another question will save this response. Question 37 Question 37 2 points
Remaining Time: 2 hours, 06 minutes, 28 seconds. Question Completion Status: Moving to another question will save this response. Question 37 Question 37 2 points Sa The Dairy Division of Famous Foods, Inc. produces and sells milk to outside customers. The operation has the capacity to produce 200,000 gallons of milk a year. Last year's operating results were as follows: Sales (160,000) gallons $500,000 Variable costs 400.000 Contribution margin 100,000 Fixed costs 50.000 Net Income $ 50.000 Assume the Yogurt Division wants to purchase 30,000 gallons of milk from the Dairy Division. The minimum price that will increase the Dairy Division's profit is O $1.95 per gallon O $0.55 per gallon $1.18 per galion $2.50 per gallon Moving to another question will save this response.
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