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To pay for his academic fees, Tarek, a college student, is selling a computer accessory...

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Question

Finance

To pay for his academic fees, Tarek, a college student, is selling a computer accessory to other students. His cost to purchase each piece is

$56,

and he is planning to sell the accessories for

$110

each. Fixed costs for advertising amount to

$620.

(a)Compute the contribution margin.

(b)Compute the contribution rate.

(c)Compute the break-even point in units.

(d)Compute the break-even point in sales dollars.

(a) The contribution margin per unit is

$nothing.

(Type a whole number.) (b) The contribution rate is

nothing%.

(Round to two decimal places as needed.)(c) The break-even point in units is

nothing.

(Round up to the nearest unit.)(d) The break-even point in sales dollars is

$nothing.

(Round to the nearest cent as needed.)

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