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Sport Ready produces sports socks. The company has foxed expenses of $75,000 and variable expenses of $0.75 per package. Each package selis for $1.50. The

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Sport Ready produces sports socks. The company has foxed expenses of $75,000 and variable expenses of $0.75 per package. Each package selis for $1.50. The number of packages Sport Ready needed to sell to eam a $23,000 operating income was 130,667 packages (rounded). If Sport Ready can decrease its variable costs to $0.55 per package by increasing its fixed costs to $90,000, how many packages will it have to sell to generate $23,000 of operating income? is this more or less than before? Why? Begin by identifying the formula to compute the sales in units at various levels of operating income using the contribution margin approach. (Round your answer up to the nearest whole unit.) Sport Ready will have to sell packages to generate $23,000 of operating income. is this more or less than belore? Why? Spon Ready would have to sell The increase in foxed costs target profit volume of sales. Therefore, Sport Ready will need to sell target profit level

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