Stuart Company makes and sells products with variable costs of $24 each. Stuart incurs annual...
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Accounting
Stuart Company makes and sells products with variable costs of $24 each. Stuart incurs annual fixed costs of $420,280. The current sales price is $103.
e. If fixed costs drop to $312,000, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format.
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