In the month of June, Doe Company sold 400 widgets. The average sales price was...
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Accounting
In the month of June, Doe Company sold 400 widgets. The average sales price was $24. During the month, fixed costs were $4,320 and variable costs were 40% of sales. Instructions a) Determine the contribution margin in dollars, per unit, and as a ratio. b) Calculate the break-even point in units and dollars. c) How much are total variable costs at break even
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