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Walmart Inc. expects the following costs for the next quarter: Item Amount ($) Fixed Costs 10 billion Variable Cost per Unit 5 Expected Sales Units

Walmart Inc. expects the following costs for the next quarter:

Item

Amount ($)

Fixed Costs

10 billion

Variable Cost per Unit

5

Expected Sales Units

2 billion

Required:

  • Prepare a budgeted income statement for Walmart Inc.
  • Calculate the contribution margin and contribution margin ratio.
  • Determine the breakeven point in units.

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