Crepe Ltd. produces a single product. Analysis of last months cost shows that when the...
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Accounting
Crepe Ltd. produces a single product. Analysis of last months cost shows that when the budgeted level of production and sales was 7,000 units and the selling price was 250 per unit, the margin of safety was 25%. The contribution margin is 60% of sales revenue. What was the budgeted fixed cost for the month? a) 675,000 b) 775,000 c) 787,500 d) 637,000
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