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Lagerfield Company reported the following results from the sale of 4,220 hammers in May: sales $198,340, variable costs $88,620, fixed costs $64,000, and net income $24,000. Assume that Lagerfield increases the selling price of hammers by 10% on June

1. How many hammers will have to be sold in June to maintain the same level of net income? (Round answer to the nearest unit).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797389

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