Assume Gary's Bike Store sells two kinds of bikes, Purple bikes and Red bikes. Gary's...
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Accounting
Assume Gary's Bike Store sells two kinds of bikes, Purple bikes and Red bikes. Gary's Bike Store sells three Purple bikes for every Red bike. The following revenue and cost information is available:
| Purple Bike | Red Bike | |
| Unit selling price | $200 | $600 |
| Unit variable costs | $125 | $275 |
| Unit Contribution margin | $75 | $325 |
Fixed costs per month: $18150
Required:
Calculate Gary's Bike Store's quantity of Purple bikes and Red bikes at Break Even Point
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