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Wade Corporation produces a molded plastic casing, M&M101, for many cell phones currently on the market. Summary data from its 2017 income statement follows. Kaitlin

image text in transcribed Wade Corporation produces a molded plastic casing, M&M101, for many cell phones currently on the market. Summary data from its 2017 income statement follows. Kaitlin Hewitt, Wade's president, is very concerned about Wade Corporation's poor profitability. (Click the icon to view the summary data.) (Click the icon to view the additional information.) Read the requirements. Requirement 1. Calculate Wade Corporation's breakeven revenues for 2017. Begin by determining the formula to calculate Wade Corporation's 2017 contribution margin percentage. Contribution margin % Requirements 1. 2. 3. Calculate Wade Corporation's breakeven revenues for 2017. Calculate Wade Corporation's breakeven revenues if variable costs are 52% of revenues. Calculate Wade Corporation's operating income for 2017 if variable costs had been 52% of revenues. 4. Given Seth Wooten's comments, what should Daryl Cooke do? Print Done - X

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