Solved: Spears music inc produces a hip-hop cd that is sold for 15, Accounting Basics

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Spears music inc produces a hip-hop cd that is sold for 15

Question - Spears Music, Inc. produces a hip-hop CD that is sold for $15. The contribution margin ratio is 40%. Fixed expenses total $6,750.

Instructions

(a) Compute the variable cost per unit.

(b) Compute how many CDs Spears Music will have to sell in order to break even.

(c ) Compute how many CDs Spears Music will have to sell in order to make a target net income of $16,200.

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Accounting Basics: Spears music inc produces a hip-hop cd that is sold for 15

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Accounting Basics: Spears music inc produces a hip-hop cd that is sold for 15

Reference No:- TGS02567884

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