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DEF Company distributes two products, x and Y. Monthly sales for x are...

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Accounting

DEF Company distributes two products, x and Y.
Monthly sales for x are $150,000.
Monthly sales for Y are $250,000.
CM ratio for x is 70%.
CM ratio for Y is 36%.
Fixed expenses are $160,875 per month.
Required:
A) Prepare a contribution format income statement for the company as a whole. Calculate percentages to two decimal places.
B) What is the company's breakeven point in dollar sales based on the current sales mix?
C) What are the dollar sales of x and Y at the breakeven point you calculated in (B)?
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