Rambles toyland makes a product that sells for 70 per unit, Ask an Expert

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Rambles Toyland makes a product that sells for $70 per unit and has $45 per unit in variable costs. Annual fixed costs are $24,000. If Rambles sells 10 units less than breakeven, how much loss would the company recognize on its income statement?

a) $250

b) $960

c) $700

d) $450

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