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Save Homework: Chapter 20 HW B Score: 0 of 1 pt 3 of 5 (1...

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Accounting

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Save Homework: Chapter 20 HW B Score: 0 of 1 pt 3 of 5 (1 complete) HW Score: 20%, 1 of 5 pts E20-27 (similar to) Question Help Happy Toes Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach. Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by selecting the labels and entering the amounts to compute the contribution margin per package. (Round all amounts to two decimal places. Abbreviation used: CM - contribution margin.) CM per unit Fixed costs Net sales revenue per unit Operating income Total variable cost Variable costs per unit Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All parts

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