Happy Ten produces sports socks. The company has fixed expenses of $85,000 and variable expenses...
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Accounting
Happy Ten produces sports socks. The company has fixed expenses of $85,000 and variable expenses of $0.85 per package. Each package sells for $1.70.
Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package.
| 1. | Compute the contribution margin per package and the contribution margin ratio. |
| 2. | Find the breakeven point in units and in dollars. |
| 3. | Find the number of packages Happy Ten needs to sell to earn 25,500 operating income. |
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