(Answered) Johnson company produces and sells a single product whose

Accounting

Johnson Company produces and sells a single product whose selling price is $80.00 per unit and whose variable expense is $50.00 per unit. The company's fixed expense is $270,000 per month.

(a) What is the CM ratio (express your answer as a percentage to two decimal places)?

(b) How many units must be sold to break-even for the month?

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