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Adams Company incurs annual fixed costs of $47,670. Variable costs for Adamss product are $24.15...

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Accounting

Adams Company incurs annual fixed costs of $47,670. Variable costs for Adamss product are $24.15 per unit, and the sales price is $35.00 per unit. Adams desires to earn an annual profit of $63,000.
Required
Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit.

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