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of 11 Points: 6.15 of 15 points Save Fast Spirit Calendars imprints calendars with college...

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Accounting

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of 11 Points: 6.15 of 15 points Save Fast Spirit Calendars imprints calendars with college names. The company has fixed expenses of $1,065,000 each month plus variable expenses of $3.50 per carton of calendars. Of the variable expense, 74% is cost of goods sold, while the remaining 26% relates to variable operating expenses. The company sells each carton of calendars for $13.50. s Read the requirements. work .... z test Requirement 1. Compute the number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven. Begin by determining the basic income statement equation. Sales revenue Variable expenses Fixed expenses Using the basic income statement equation you determined above solve for the number of cartons to break even. = Operating income The breakeven sales is cartons

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