Last month, Laredo Company sold 480 units for $40 each. During the month, fixed costs...
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Accounting
Last month, Laredo Company sold 480 units for $40 each. During the month, fixed costs were $4,290 and variable costs were $14 per unit. Required: Determine the unit contribution margin and contribution margin ratio. Calculate the break-even point in units and sales dollars. Compute Laredos margin of safety in units and as a percentage of sales
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