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560-71 Target, Inc., produces one model of scooter. Partial information for the company...

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Question

Accounting

560-71

Target, Inc., produces one model of scooter. Partial information for the company follows:

Units produced and sold

625 units

800 units

1050 units

Total costs

$125,000

Variable costs

Fixed costs per year

Total costs

Cost per unit

variable

fixed

$261.9

Required: 1. Complete Targets cost data table. 2. Calculate Targets contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $650. 3. Calculate net operating income at each of the sales levels assuming a sales price of $650.

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