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The following is Addison Corporation's contribution format income statement for last month: Sales $1,000,000 Less variable expenses 700,000 Contribution margin 300,000 Less fixed expenses 180,000
The following is Addison Corporation's contribution format income statement for last month:
Sales $1,000,000 Less variable expenses 700,000 Contribution margin 300,000 Less fixed expenses 180,000 Net income $120,000
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. What is the company's break-even point in units? Group of answer choices 8,000 units. 20,000 units.
The following is Addison Corporation's contribution format income statement for last month:
| Sales | $1,000,000 |
| Less variable expenses | 700,000 |
| Contribution margin | 300,000 |
| Less fixed expenses | 180,000 |
| Net income | $120,000 |
Group of answer choices
8,000 units.
20,000 units.
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