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Sequoah Company sells its product for $60 and has variable costs of $31 per unit.The total fixed costs are $35,000.What will be the effect on the breakeven point in units if variable costs increase by $6 due to an increase in the cost of direct materials?
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Breach of Contract
The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.
Implied Warranty
A legal assumption that a product will perform as expected according to the sale terms without being explicitly stated.
Agency Relationship
A fiduciary connection between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in dealings with third parties.
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