The total fixed costs for Travel On Inc. equal $60,000. For every 8 duffle bags,...
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The total fixed costs for Travel On Inc. equal $60,000. For every 8 duffle bags, Travel On Inc. sells 3 carry-on suitcases and 1 deluxe suitcase. Required: A. Calculate the package contribution margin. q B. Calculate the break-even point in units for duffle bags, carry-on suitcases, and deluxe suitcases. C. If Travel On Inc. has a target income for the coming year of $300,000, how many packages will the company have to sell? $ packages D. Based on the answer in part (C), prepare a contribution margin income statement for the coming year. Travel On Inc. E. What is the company's margin of safety in packages? packages
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