The Following Information Describes a Product Expected to Be Produced

question 75

Essay

The following information describes a product expected to be produced and sold by Pepin Corporation:
$$\begin{array} { l l } \text { Selling price } & \$ 32 \text { per unit } \\\text { Variable costs } & \$ 27 \text { per unit } \\\text { Total fixed costs } & \$ 850,000 \text { per year }\end{array}$$ Required:
a.Calculate the contribution margin per unit.
b.Calculate the break-even point in units.

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Definitions:

Simone de Beauvoir

A French writer, philosopher, and feminist, known for her work on existentialism and feminism, notably "The Second Sex."

Communitarians

Advocates for the importance of community in the formulation of individual rights and values, emphasizing social cohesion and communal responsibilities.

Social Contract

A theory or model, originating during the Age of Enlightenment, that typically concerns the legitimacy of the authority of the state over the individual, positing that individuals consent, either explicitly or tacitly, to surrender some of their freedoms in exchange for protection of remaining rights.

Right to a Job

The belief or principle that everyone is entitled to have the opportunity for employment.