Canton Company produces and sells toasters. The following unit cost Information assumes a production and...
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Accounting
Canton Company produces and sells toasters. The following unit cost Information assumes a production and sales volume of 17.600 units: Required: a. Compute the budgeted selling price per unit assuming Canton uses a cost-plus pricing strategy and a markup equal to 75% of production cost. Note: Round your answer to 2 decimal places. b. Compute the firm's total fixed costs. c. Compute the firm's contribution margin per unit given the budgeted selling price you computed in Requirement 1. Note: Round your answer to 2 decimal places. d. Compute the firm's breakeven point in units and dollars, using the selling price you calculated in Requirement 1. e. Using the unit contribution margin, compute the firm's estimated profit if 17,600 units are sold
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