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Sport Ready produces sports socks. The company has fixed expenses of $75,000 and variable expenses of $0.76 per package. Each package sells for $1.50 Read

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Sport Ready produces sports socks. The company has fixed expenses of $75,000 and variable expenses of $0.76 per package. Each package sells for $1.50 Read the focuiremian Requiremont 1. Compute the contribution margin per package and the contribution margin ratio, Begin by computing the contribution margin per package. Then compute the contribution margin per package. (Enter the amount to the nearest cent.) The contribution margin per package is Compute the contribution margin ratio (Enter the ratio as a wholet percent.) The contribution margin ratio in Requirement 2. Find the breakeven point in unito and dollars Begin by computing the breakever sales in units using the contribution margin approach. The broakoven point in units is Find the breakeven point in dollars using the contribution margin approach, The bronntaven point in dollaris Requirements. Find the number of packages Sport Ready needs to sell to eam a $24.000 operating income The number of packages to achieve an operating income of $24.000 in ratif Requirements even ven s 1. Compute the contribution margin per package and the contribution margin ratio 2. Find the breakeven point in units and in dollars. 3. Find the number of packages Sport Ready needs to sell to earn a $24,000 operating income ollars rs is Print Done mber of

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