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Sportsbags Inc. makes and sells hockey bags for students. Financial projections for this line of products are revenue of $ 9 3 7 , 0
Sportsbags Inc. makes and sells hockey bags for students. Financial projections for this line of products are revenue of $ total variable costs of $ and fixed costs of $
Answer each of the following independent questions.
a How much is the contribution margin and the contribution rate?
b How much of this product line does the business need to sell to break even?
c If the business was to save $ in variable costs by offering fewer colours of hockey bags, how much of this product line does the business need to sell to break even?
d If a specialized logo was printed on the hockey bags, the variable costs would increase by and the fixed costs would increase by $ If the price of the hockey bags was then increased by what would be the resulting net income?
a The contribution margin is $Type an integer or a decirnal.
The contribution rate is Round to six decimal places as needed.
b The business needs to sell $ of this product line to break even.
Round up to the nearest cent as needed.
c If the business was to save $ in variable costs by offering fewer colours of hockey bags, it would need to sell $ of this product line to break even.
Round up to the nearest cent as needed.
d The resulting net income would be $ Type an integer or a decimal.
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