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Question: Admore is the leading producer of presentation folders. last year, the company produced 50,000 units. This year the company anticipates producing and selling 60,000 units. The company anticipates its fixed cost to be the same as last year which was $40,000. The variable cost associated with making each units of product in $10. the company has decided that it would like to make a profit of $80,000. Calculate the price per unit to charge to earn this profit Form the information calculated above, prepare a contribution margin income statement in total dollars.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92760838

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