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Gipson Company produces and sells a single product whose selling price is $80.00 per unit - Academic Heroes

Gipson Company produces and sells a single product whose selling price is $80.00 per unit

Installing a custom logo on a boat is a a. batch level activity, b. product level activity c. unit level activity
February 12, 2020
Mayflower Corp manufactures and sells medals for winners of athletic events.
February 12, 2020

Gipson Company produces and sells a single product whose selling price is $80.00 per unit and whose variable

expense is $50.00 per unit. The company’s fixed expense is $270,000 per month.

(a) What is the CM ratio (express your answer as a percentage to two decimal places)?

(b) How many units must be sold to break-even for the month?

(c) How many units do we need to sell to earn a profit of $240,000 for the month?

 
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