The Following Information Is for a Product Manufactured and Sold

question 29

Essay

The following information is for a product manufactured and sold by Drake Company:
Sales price per unit: $100
Variable cost per unit: $30
Total annual fixed costs: $350,000
Required:
1)Calculate the contribution margin per unit.
2)How many units must Crane sell to break even?
3)How many units must Crane sell to achieve a profit of $35,000?

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