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Question - Given the following: A college's food operation has an average meal price of $7.00. Variable costs are $3.75 per meal and fixed costs total $75,000. How many meals must be sold to provide an operating income of $30,000?

How many meals would have to be sold if variable costs increased 20%?

58,000

42,000

48,000

52,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92837633
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