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Use the following contribution margin statement for 2020: Year 2020 Write down the CVP relation: profit as a function of sales volume in units.
Use the following contribution margin statement for 2020: Year 2020 Write down the CVP relation: profit as a function of sales volume in units. Sales Volume (in units) 100 *Volume - $ 1800 Profit - $ 30 Revenue $5,000 Variable costs $2,000 Contribution margin $3,000 Fixed costs $1,800 Profit $1,200 QUESTION 2 Continue with the question. If sales volume increases by 20% (from 100 to 120), the profit will increase by $ You will need to sell units of product to achieve target profit of $2,100. In order to break-even, the business will need to sell units of product
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