In the month of December, Ahmad's Garage Works (AGW) gave 2,500 oil changes, battery inspections,...
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Accounting
In the month of December, Ahmad's Garage Works (AGW) gave 2,500 oil changes, battery inspections, and muffler replacement at an average price of KWD 40. During the month, fixed costs were KWD 19,000.
Requirements:
1. Determine the contribution margin in dinars, per unit, as a ratio.
2. Using the contribution margin approach , compute the breakeven point in dinars and in units.
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