For the Past Year,LaPrade Company Had Fixed Costs of $70,000,a

question 40

Essay

For the past year,LaPrade Company had fixed costs of $70,000,a unit variable costs of $32,and a unit selling price of $40.For the coming year,no changes are expected in revenues and costs except that property taxes are expected to increase by $10,000.Determine the break-even sales (in units)for (a)the past year and (b)the coming year.

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Definitions:

Special UCC Exception

A unique or specific deviation from the general rules established under the Uniform Commercial Code, which governs commercial transactions in the United States.

Federal Consumer Protection Laws

Legislation enacted by the federal government intended to ensure the rights of consumers, fair trade competition, and the free flow of truthful information in the marketplace.

Revoked Acceptance

The act of withdrawing acceptance of an offer in a contract, making the agreement void, under specific legal conditions.

Trade Modification

An alteration or change to the terms of a trade agreement or contractual relationship.