MyArt Sells Framed Art Prints for $100

question 189

Essay

MyArt sells framed art prints for $100. The unit variable cost per phone is $50 plus a selling commission of 10%. Fixed manufacturing costs total $1,250 per month, while fixed selling and administrative costs total $2,500.
Required:
a.What is the contribution margin per print?
b.What is the breakeven point in prints?
c.How many prints must be sold to earn pretax income of $7,500?

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Definitions:

Maintaining Relationship

The process of keeping a connection between individuals strong and continuing over time.

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After marriage refers to the period or aspects of life and legal status that occur following a marriage ceremony, impacting various personal, social, and financial facets.

Utilitarian Marriages

Marriages based on practicality and mutual advantage rather than romantic love or attraction.

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A classification system based on grouping or dividing objects, concepts, or people based on common characteristics.