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Zootsuit Inc. makes travel bags that sell for $56 each. For the coming year, management expects fixed costs to total $320,000 and variable costs to be $42 per unit. Compute the following: (a) break-even point in dollars using the contribution margin (CM) ratio; (b) the margin of safety assuming actual sales are $1,382,400; and (c) the sales dollars required to earn net income of $410,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9901666

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