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E4.4 Meeker Company is developing a new product. The selling price has not yet been...

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Accounting

E4.4 Meeker Company is developing a new product. The selling price has not yet been determined,
nor are the variable costs per unit known. The fixed costs are $600,000. Management plans to
set the selling price so that variable cost is 55 percent of the selling price.
A. What is the contribution margin ratio?
B. What is the breakeven point in dollars?
C. If management desires a profit of $50,000 before taxes, what will total sales be?
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