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The Rolling Creek Textile Mill manufactures denim. The fixed monthly cost is $21,000, and variable cost per yard of denim is $0.45. The mill sells the yard of denim for $1.30.

a. For the monthly volume of 18,000 yards of denim, find out the total cost, total revenue, and profit.

b. Find out the annual break-even volume for Rolling Creek Textile Mill.

Statistics and Probability, Statistics

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